Episode 56: Mortgage Renewal Secrets Your Lender Won’t Tell You
Description
In this episode, Alex Pang and Alex Shanks step away from the headlines to focus on mortgage renewal strategies that every Canadian homeowner should know. With record-low pandemic interest rates now expiring, many borrowers are facing renewal letters with much higher rates—and most simply sign without questioning.
Alex and Alex share practical tips on how to avoid overpaying, from negotiating renewal offers and exploring refinancing options, to re-amortizing for cash-flow relief, leveraging insurable mortgages, and even advanced tax strategies like debt swaps, cash damming, and the Smith Maneuver. They also break down the fine print around prepayment privileges, cashback offers, HELOC laddering, and why not all “low rates” are created equal.
Whether you’re a first-time buyer coming up on renewal or a seasoned homeowner trying to manage higher payments, this episode is packed with insights to help you protect your wallet and make smarter mortgage decisions.
United States
