Quote:
Originally Posted by Icon
Here's a semi related question... If my mortgage is up for renewal in July,:
- renew / line up a new mortgage asap
- wait until after the panic has settled over Covid19 / oil prices (month or two?)
- hold off as long as possible (new mortgage in June/July)
Was planning on the first option until this week, now not sure if rates will go up or drop moving forward.
|
Rates are amazing right now. But your bank should be able to hold a rate for you now and still give you the option to get a lower rate later if they continue to drop. They seem flush with cash now and very willing to lend too.