Matthew Gottfried

 If your mortgage is coming up for renewal, you must prepare for higher rates. It is not about panicking; it’s about being prudent. Here are three strategies you can implement to get ready:


1. Take advantage of your prepayment privileges and increase your payment amount. You’ll pay down more principal and be accustomed to paying more at renewal.


2. Watch your bad debt. Be cautious about any credit card or high-interest debt.


3. If you are considering moving to a new home, get a pre-approval to protect you while shopping around. Consider not borrowing the maximum amount your lender will allow.


The best thing to do is get advice early. Reach out I will help you determine your best personal strategies to prepare

https://www.mortgagewithmatt.ca/



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