Perfect time to get new mortgage, experts say.

[680News reporter Colin D'Mello interviews Laurie Campbell, the executive director of Credit Canada]
Toronto - With interest rates at its lowest point in years, many people are looking to re-negotiate their mortgages, and get a better deal.
Whether it's with the person's current bank, or a new one, some experts said knocking down the interest rate can be accomplished.
Laurie Campbell, the executive director of Credit Canada, told 680News people can even get the bank to pick up the legal fees.
"There are going to be penalties, and not many banks are going to take on those penalties. You can; however, in many cases, find yourself in a better position if you actually do break that mortgage agreement and get a new one drawn up," Campbell said.
She said people can appeal to their banker first, ask for the bottom line rate, and then shop around and haggle.
Campbell said people can do the same thing with their credit card company and ask for a preferred rate.
"But, remember, you better be a preferred customer, you better not have any late payments, you better not have a high debt [and] you better be in stellar condition," she added

After you have listened to the interview, please call Greg at 416 807 7123 to see if you can save money by refinancing your mortgage.