What rising mortgage rates mean for your HELOC
Canadians love borrowing money, but the days of cheap loans are numbered with the Bank of Canada aggressively raising interest rates.
Our client Raphael Ambrozewicz, a financial advisor and personal financial planner with Vancouver’s BlueShore Financial, says HELOC holders should only be concerned if they’re carrying a large balance on their line of credit, or if they need to make a big purchase with an already tight budget.
Read the full article at National Post
Read the full article at MoneyWise.ca
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