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Old 01-12-2018, 01:13 PM   #5
Mortgage Made Easy
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Join Date: Sep 2014
Location: Calgary, AB

Originally Posted by Izzle View Post

RBC raised their mortgage rates and it appears TD might follow too.

My renewal is up in 2020. I hope rates will be lower then. In the mean time, is it a good idea to make certain lump sum payments to my mortgage?
TD raised their rates as of today.

Making lump sums to your mortgage is always a good idea. However, each individual's financial situation and goals are different. Which means you should look at your financial goals which include all aspects of money.

Once this is determined, there should be a strategy of what to save, invest and pay towards debts, including your mortgage to reach those goals.
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