02.11.2021 | Mike's Tips
Collateral Mortgages
Today’s Toronto Real Estate Market
Pros:
- No refinancing
- Enough to pay legal fee
- It’s easy and simple
Cons:
- When interest rates go up, you may have spread yourself too thin
- If different financing is needed, it will look as though you owe more than you actually do
Want to know more about Collateral Mortgages or want to just chat about real estate? Get it touch with Michael Prior or any member of The Prior Group. We’re always happy to help!
