Many people have chosen to purchase their first home during these times of lower interest rates. There has also been a large movement to refinance home loans and pull out equity for home improvements, investments, college expenses, and even high debt consolidation. Why use a credit at 19.99% to pay for that renovation when you can roll it in your mortgage payment at a much lower interest rate. Canadians have been borrowing against their home’s equity in record numbers.
Take advantage of the low interest rates today!