Written by 3:22 AM Mortgage Strategies • 7 Comments Views: 7

Refinance In Time

Mortgage-Refinance If you have a high-interest debt problem you need to change your lifestyle first. After you’ve committed to that, and only after, then refinancing may be in order.

By refinancing high-interest debt to a low interest mortgage or HELOC, “the resulting cash flow savings will serve you well IF you lose your job,” says mortgage advisor Greg Williamson.

If your job is on shaky ground, “Do this BEFORE you lose your job,” he says.  “How many banks do you think will renegotiate your debt when you don’t have a job?”

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Last modified: April 29, 2014

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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