As we reach the halfway mark of 2025, it's the perfect time to conduct a mid-year mortgage review. For homeowners in Manitoba, revisiting your mortgage with a qualified broker can reveal valuable insights and opportunities to save money, adjust your strategy, or plan for the future. Whether you're a first-time buyer or a seasoned homeowner, here are five essential questions to ask your mortgage broker this June.

1. Is My Current Interest Rate Still Competitive in Today’s Market?

Interest rates fluctuate with the economy, and even small changes can significantly affect your long-term mortgage costs. Ask your broker whether your current rate—especially if it’s variable—is still competitive. Manitoba homeowners who locked in rates a year or more ago might now find more attractive options available. A quick review could reveal potential savings or refinancing opportunities.

2. Should I Consider Refinancing to Improve My Financial Position?

With home values in Manitoba continuing to evolve and personal financial goals shifting, refinancing may be a smart move. Ask your broker if refinancing could reduce your payments, consolidate high-interest debt, or tap into your home equity. They’ll help assess whether the benefits outweigh any prepayment penalties or fees.

3. Am I On Track with My Amortization and Repayment Goals?

A mid-year check-in is a great time to evaluate how much equity you’ve built and whether you're paying down your mortgage as planned. Are you ahead, behind, or right on schedule? Your broker can help you adjust your repayment strategy—for example, by making lump-sum payments or increasing monthly contributions to shorten your amortization period.

4. Are There Any Upcoming Changes to Mortgage Regulations or Interest Rates I Should Prepare For?

The mortgage landscape in Canada is always evolving. Ask your broker if there are anticipated changes to regulations or interest rates that could impact your current mortgage or future borrowing ability. Staying informed ensures you're not caught off guard and can take proactive steps to protect your financial interests.

5. Does My Mortgage Still Fit My Lifestyle and Long-Term Goals?

Your lifestyle or financial goals may have shifted since you signed your mortgage. Maybe you've started a family, changed jobs, or are thinking about retirement. Your broker can help determine if your mortgage still aligns with where you are today and where you're headed.

Why a Mid-Year Mortgage Review Matters

A quick conversation with your Manitoba mortgage broker can lead to better financial outcomes, greater clarity, and peace of mind. Don't wait for renewal time to take control of your mortgage strategy. Use June as a natural checkpoint to stay ahead.

Ready to review your mortgage? Contact our team of expert brokers today and make the most of your home investment in 2025.

One Link Mortgage & Financial is incredibly honoured to be named the winner of the 2025 Regional Brokerage – Prairies Award of Excellence for the third year in a row, and the first-ever recipient of the Canadian Brokerage Award of Excellence. These prestigious national awards reflect our ongoing commitment to excellence, innovation, and client-focused service. We remain dedicated to helping Canadians achieve their homeownership goals with trusted advice and personalized mortgage solutions.