As more Canadians renew their mortgages this year, Gowling said it could put stress on a household’s monthly budget. For example, if your mortgage is $200,000 to $400,000 and there is a one to two per cent increase after the renewal, a household could be paying $200 to $400 more a month, he said.
The post <b>Canadians</b> scrambling to pay off debt as interest rates rise: poll appeared first on Consumer-Mortgage.
source http://consumer-mortgage.com/canadians-scrambling-to-pay-off-debt-as-interest-rates-rise-poll/
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