Higher mortgage rates have created financial headwinds. With the arrival of spring we step into the mortgage renewal and home buying season, it’s crucial to approach this period with both caution and strategy.
Interest rates are certainly higher than when most of us signed our last mortgage renewal or purchased our home. Yet, as spring ushers in new beginnings, it also marks the start of the mortgage renewal and home buying season—a time when making informed decisions becomes more critical than ever.
How to Tackle 5 Mortgage Concerns Now:
- Budget Mastery – Your first line of defense against fluctuating rates. A solid budget ensures you’re prepared, come what may.
- Accelerate Payments – Each additional payment is a step toward financial freedom, mitigating the impact of rising rates.
- Lock-in Certainty – Opt for a fixed-rate mortgage to shield yourself from the unpredictability of the financial climate.
- Educate Yourself – Understanding your mortgage inside out transforms it from a burden to a benefit.
- Professional Guidance – Collaborate with a financial advisor to tailor a strategy that not only addresses today’s challenges but also secures your future.
As the landscape shifts, so does our approach to managing our mortgages and overall financial well-being. It’s not just about enduring the storm but thriving through it.
Upcoming Webinar
Mortgage rates have doubled. What’s your next move?
Join us for an enlightening webinar hosted by IG Wealth Management. Dive deep into the significance of a tailored mortgage strategy in these turbulent times.
A mortgage strategy: why it matters in the time of rising rates
Date: April 11, 2024
Time: 10 a.m. PT | 11 a.m. MT | 12 p.m. CT | 1 p.m. ET | 2 p.m. AT | 2:30 p.m. NL
With interest rates now roughly twice what they were five years ago, the ripple effects on mortgage costs, lifestyle, savings, and future goals are undeniable. But there’s a silver lining—strategic planning and informed decisions can not only mitigate these effects but can also pave the way for financial growth and stability.
Shauna Clarke, Vice President, Mortgages and Banking Solutions, and Ashish Utarid, Assistant Vice President, Investment Strategy, will guide you through:
- The current economic outlook and its impact on mortgages.
- How upcoming renewals could affect your financial landscape.
- The integration of mortgage strategies into your broader financial plan for achieving both short and long-term goals.
A live Q&A session will follow, offering personalized insights and solutions to your most pressing questions.
Don’t let the rising rates cloud your financial future. Join us to discover how a proactive approach to your mortgage can illuminate your path to financial security and success.
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Resources In our commitment to empowering Canadians with the tools and knowledge for financial freedom, we’ve curated invaluable resources just for you: 🎧 Living Markets Podcast: A must-listen of the key market events affecting Canadians each week and why you should care. IG Living Plan Snapshot Quiz: How is your financial plan? Take our quick quiz to assess your readiness and receive a personalized financial well-being score, complete with actionable recommendations. Perfect for identifying growth opportunities. These resources are designed to support your journey toward financial well-being and success. Whether fine-tuning your strategy or laying the groundwork for future goals, we’re here to guide you. |
