With rates where they are today, you may want to consider getting an evaluation to see if it makes sense to refinance into a lower rate now. Essentially you'd be 'topping up' your term and locking in a rate for another 5 years either in a variable or a fixed rate, which as you'll see in previous posts are extremely low.
I'm happy to do a free evaluation for anyone. Send me a PM or email; information I'll need:
- Current value of home (estimated)
- Mortgage balance remaining
- Current rate (fixed/variable %) and your renewal date
- Current lender/bank
Also, if anyone wants to sit down to go over some options, all we'd need is 15-20 minutes either at my office or a neutral site.
Greg
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