Matthew Gottfried Mortgage Agent - Level 2
If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready are:
1. Take advantage of your prepayment privileges and increase your payment amount. You will pay down more principal and be accustomed to paying a higher amount at renewal.
2. Watch your bad debt. Be cautious about any credit card or other high-interest debt.
It is not about panicking; it’s about being prudent. Reach out, and together, we can determine your best strategies.