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Why I reversed my thoughts on reverse mortgages
– canadianmortgagetrends.com
Contribute to RRSP or pay off mortgage?
– moneysense.ca
We have a small mortgage, only $80,000, coming up for renewal. We have some money (approximately $25,000) that we can either put on the mortgage or invest or put into our RRSP. What is the best way to go?
—Linda
Which should Canadians prioritize: RRSP or mortgage?
Most of us have debt, and most working adult Canadians will have room in their registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs). Some of us have group plans with matching contributions at work as well, just to complicate things. Making sure your cash flow is properly funneled is an important part of financial planning.
You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.
In your case, Linda, I note that you refer to your mortgage as a “small” mortgage. Small can be relative or based on your own perspective…
Mortgage renewal calculator
– moneysense.ca
Is an upcoming mortgage renewal stressing you out? A recent survey by real estate brokerage Zolo found that just 3% of home owners “never worry” about being able to afford their mortgage when it comes time to renew. The rest aren’t so fortunate, with 79% of Canadians worrying about this sometimes, often or all the time.
It may hearten you to know that you likely have options. When it’s time to renew your mortgage, you can either stay with your current lender or shop around for a new one that offers a lower interest rate or different terms. Using a mortgage renewal calculator can help you compare mortgage offers and pick the best one available at the time of renewal.
You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.
Using a renewal calculator is one of the easiest ways to determine if your current mortgage is working for you or if it’s time to find one that better suits your needs…
