Time for a Health Check on your Mortgage and Debts

The pressure is on now with Bank of Canada warning of several rate increases for 2022.
With unprecedented low rates for several years now, consumers have been able to take advantage of real estate opportunities at record levels. So what happens as rates start to rise ?
The mortgage industry expects a brisk year of activity as home owners will scramble to hedge the rate increases.
Right now rates can still be secured at less than 3% for fixed and less than 2% on variable rates but for how long we don’t know.

Real estate values are at all time high and rates still at all time lows, that means it’s time to do a health check on all debt and mortgage obligations to prepare for the upcoming few years of increases.
Tapping into newly realized home equity and lowering overall debt and payment levels should be among the top priorities for households this year.
At Sentry Group, we have a Mortgage Broker in house, Denise Benninger, who can assess your situation and make recommendations for savings now and into the future. Connect with her today.

Denise Benninger, Mortgage Broker
Commercial & Residential Lending
519.502.1091 | denise.benninger@vinegroup.ca