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Video Chapters

00:00 Breaking a Mortgage for Lower Rates
00:56 Variable Rate Forecast and Advice
02:18 Mortgage Structuring Options
03:55 Adjusting Mortgage Payments
06:00 Half Fixed, Half Variable Mortgage Products
09:29 Considerations for Breaking a Mortgage
12:01 Penalty Calculations for Breaking a Mortgage
14:48 Lowering Mortgage Costs through Restructuring
16:11 Options for B and Private Mortgage Holders
17:35 Utilizing Lines of Credit for Mortgage Flexibility
18:59 Anomaly in Current Rate Trends
19:13 Transitioning to Normal Mortgage Rates and Growing Discounts
20:11 Lenders Competing for Business
21:46 Importance of Negotiating Mortgage Renewals
23:49 Strategizing Between Fixed and Variable Rates
25:56 Final Recommendations on Navigating Mortgage Decisions

The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.