Variable Rate Mortgage – You could be running the risk of over-amortization on your mortgage.
Featured articles #Renewal and Refinancing
Short term fixed rate mortgages: How nesto beats the banks
Significant upward movements in rates caused many borrowers who are up for renewal or have a pending purchase on the horizon to ditch longer term rates for short term fixed rate mortgages. Big banks have increased their short term rates as…
Featured articles #Renewal and Refinancing
Costs of Refinancing in Canada
Key Takeaways You can refinance your mortgage early to benefit from a lower interest rate, or access equity in your home.Refinancing can help you access equity in your home for things like home improvements, debt consolidation, or buying a second…
Featured articles #Renewal and Refinancing
Ontario Housing Market Outlook 2022 Update
Key Takeaways Ontario has experienced record year-on-year growth in prices, for nearly all residential property types during the pandemic Changing lifestyles, immigration, investment, and shifting housing demographics have driven high demand for real estate in multiple cities in Ontario Interest…
Featured articles #Renewal and Refinancing
Should I switch mortgage providers? | Fees & considerations
Key Takeaways Anyone can switch mortgage providers in Canada. However, you’ll need to make further considerations about the fees you must pay before completing the process successfully.Cost benefits such as lower rates and the flexibility of increasing your monthly prepayments…
Featured articles #Renewal and Refinancing
The nesto meter Quick Take: Everything you need to know about saving thousands on your mortgage renewal
You know what our number one pet peeve is at nesto? Seeing people lose out on saving thousands of dollars. After all, this is our brand’s goal, our reason for existence: helping you save money. So, when we learned that…