Interesting article from Rob Carrick – the rate hikes are coming our way in 2017 and the most important message is that you should start planning now to prepare for changes in cash flow –  if more of your monthly cash flow is going to your mortgage, it will need to come from somewhere.

If you are renewing a mortgage within the next 6 months, start thinking about speeding up the process so you can take advantage of the current rates — if you are buying something new, consider locking in rate.

http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/what-the-fed-rate-hike-means-for-canadian-homeowners/article33324145/

 

Lori Caton, Mortgage Broker
CatonMortgageStrategies.com
905-510-0551
lori@catonmortgagestrategies.com

I work with clients across Canada, based in Oakville, Ontario with a focus on the GTA / Golden Horseshoe Area.

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