Mortgage Tip: Prepare for future interest rate increases

Over the past few years, interest rates have been at historical lows.  While this helps to make home  ownership affordable today, an increase in interest rates could have a significant impact on your future monthly housing costs.

TIP:  Evaluating the impact of increasing interest rates on your monthly payment today, may help you to avoid financial difficulties in the future.

Original article: www.cmhc-schl.gc.ca