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The latest in mortgage news: Half of borrowers concerned about mortgage renewals

Author: 
Steve Huebl
Publication date:
April 4, 2023
Article Summary: 

The article from Canadian Mortgage Trends highlights a survey indicating that half of Canadians express concerns about mortgage renewals. The survey reveals that many borrowers are apprehensive about the possibility of facing higher interest rates when renewing their mortgages. Factors such as rising interest rates and affordability challenges contribute to these concerns. The article emphasizes the importance of proactively preparing for mortgage renewals, exploring different options, and seeking professional advice to navigate potential rate increases and secure favorable terms.

Keywords: 

Mortgage news, Canadians, Concerns, Mortgage renewals, Survey, Interest rates, Affordability, Proactive preparation, Options, Professional advice, Rate increases, Favorable terms.




Source Citation: 
Steve Huebl
The latest in mortgage news: Half of borrowers concerned about mortgage renewals
April 4, 2023
https://www.canadianmortgagetrends.com/2023/04/the-latest-in-mortgage-news-half-of-canadians-concerned-about-mortgage-renewals/
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