Is your mortgage coming up for renewal?Here are a few things to consider if you're in the Saskatoon area and looking for the right mortgage for you.
-Consider extending your amortization. This will lower your monthly payment and will offset renewing your mortgage at a higher rate.
-Consider a shorter term for more flexibility to renew if interest rates lower.
-Ask about portability - can you move your mortgage to another property mid term? If so, outside the province of Saskatchewan?
-Leave the "no frills" mortgages. Keep flexibility with a standard mortgage.
Talk to a local Saskatoon mortgage professional to help you find the best product for your lifestyle.