How to build wealth with your mortgage renewal
Don’t just lock in the lowest rate—make your home equity work for your retirement. Here’s how:
- Re-amortize to lower payments and use the extra cash flow to top up your TFSA or RRSP
- Consolidate debts—shift what you already owe into a lower-interest option
- Explore a mortgage deductibility strategy
Your mortgage doesn’t have to be 25 or 30 years. Build wealth now, and you’ll have the flexibility to pay it off later. Peter shares his top tips on this week’s session of CTV Morning Live Vancouver. Don’t miss it!