If you’re waiting for the perfect headline before you act — you’re not alone. Many families postpone refinancing because they’re hoping rates fall a bit more. But here’s a hard truth: while you wait, real dollars may be slipping through your fingers every single month.

Let’s play this out. If you could unlock $1,000/month today through a refinance, that’s $12,000 in a year. Even if rates dropped modestly six months from now, there’s no guarantee that the savings would outpace the $6,000 you could have already kept in your pocket.

Lifestyle scenario: A London family with two kids in hockey and dance is feeling the pinch. Equipment, fees, travel, lessons — it adds up fast. We look at their full picture — mortgage rate, penalty, debts at 12–19%, amortization options. A strategic refinance frees $980/month. That cash flow goes to activities (guilt‑free), building an emergency fund, and catching up on RESP contributions.

Realistic counterpoint: Sometimes it does make sense to wait — which is why we run the numbers both ways. But families are often surprised to see that the payback period on a refinance is shorter than they assumed. The choice isn’t “perfect rate” vs. “bad decision”; it’s “optimize now” vs. “hope later.”

How to think about it:

• Cash flow has value — Stress reduction, flexibility, and momentum aren’t easily captured in a headline rate.

• Debt consolidation math — Paying 19% interest while waiting for a 0.25% rate move rarely wins.

• Opportunity cost — Dollars you save today can be reassigned to priorities that change your family’s life this year, not “someday.”

If you want a deep dive on misconceptions, read my myth‑busting post, and if you’re curious how a full transformation looks, check out the makeover case study linked below.

Related reading:

- Mortgage Refinance London Ontario: The Secret Life of Your Mortgage: https://jasmortgages.ca/blogs/b/new-blog-post-7903

- Mortgage Refinance in London Ontario: Myths That Are Costing Canadians Thousands: https://jasmortgages.ca/blogs/b/new-blog-post-8840

Ready to see your numbers? Book a time here: https://jasmortgages.ca/book-appointment
Or call me at 226-688-6680 / email me at [email protected]