Allow me to be painfully honest....
It is very stupid to finance your house and use that money to buy depreciating assets (car) or RRSPs.
What is the point of buying RRSPs that will earn you 3% when it costs you 6% to finance that very purchase?
I guess you could invest the RRSPs in the (increasing unstable) markets, but that's not any smarter.
What is the point of buying a car and repaying the loan over 20 years or whatever you chose your mortgage for.
What happens when the housing goes down 10 years down the road? Some people will have more mortgage debt than assets.
In these prosperous times it should be a priority to get rid of debts rather than trying to accumulate more.
Sorry to rant, but that's how I feel about this. You asked for advise, mine is to not re-finance.
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