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Low Interest Rate and House Hold Debt

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Mbroker

Post subject: Low Interest Rate and House Hold Debt

Posted: Mon Dec 14, 2009 11:53 pm

Joined: Mon Jul 20, 2009 9:55 am
Posts: 312
Location: Milton

Now I have a discussion board opened on my website. I will be posting updates about latest mortgage market news and hot announcements.

This is my first discussion: http://www.home-mortgage-advice.com/low ... -debt.html

Feel free to post your comments.

_________________
Dmitri Ivanov
Mortgage Broker
Lic # M09000265
Office: 905 876 4751
Cell: 905 691 6706
Fax: 905 693 1858
email: dmitri.ivanov@migroup.ca
www.home-mortgage-advice.com

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laurenwalker

Post subject: Re: Low Interest Rate and House Hold Debt

Posted: Thu Apr 10, 2014 5:13 am

Joined: Thu Apr 10, 2014 5:08 am
Posts: 1

If you have any kind of savings you should definitely look at an offset mortgage. Two reasons, firstly you're not earning any income on your savings at the moment, interest rates are too low. Secondly, if interest rates go up you'll pay tax on any earnings you do make. Offsetting can avoid both problems.

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