In 2018, a record number of Canadian mortgages are up for renewal.
Between now and May 31, lenders are offering a very aggressive rate of prime less 1% on the variable (2.45%). If your mortgage is up for renewal in the next 3-4 months, now is the time to take advantage of this amazing offer.
If you have a variable mortgage, this is also the time to switch and save thousands on interest as many lenders will cover most transfer fees.
VINE Group Partner and Mortgage Agent, Hugo Dos Reis explains more in the video below.