624 - The Best Mortgage and Housings Advice From Our Experts

Are you prepared for the mortgage renewal cliff? Learn how the 2026 renewal cycle might affect your household budget and finances.Doug Hoyes explains the reality of the upcoming mortgage renewal cliff and why 2026 is becoming a critical year for homeowners. This video is designed for anyone currently holding a mortgage who needs to understand how shifts in interest rates could impact their monthly payments. We break down the timeline you need to watch and the steps required to prepare your finances before your term expires.Effective debt management is essential as these renewals approach. We discuss practical strategies for navigating this financial transition, ensuring you understand the broader economic context impacting your mortgage renewal. By planning ahead, you can better manage potential payment increases and maintain stability.

Chapters:

00:00 2026 - The Year of The Mortgage Renewal Cliff

00:41 Can You Actually Afford Your Home?

03:10 Calculate The True Cost of Owning

07:16 Renewal IS a Cash Flow Test

11:43 How To Prepare & Negotiate at Renewal

16:22 HELOCs Lower The Interest - But Raise The Stakes

21:52 If the House is No Linger Sustainable

Subscribe for weekly debt and financial planning breakdowns, and let us know in the comments if you are concerned about your upcoming #mortgage renewal. Disclaimer: The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personal guidance from a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions, strategies, or digital tools/apps discussed.