Should You Refinance Or Pay Off Your Mortgage? | Real Estate Investing Canada

🎧 Should You Refinance Or Pay Off Your Mortgage? Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier Today's episode dives into one of the most common questions real estate investors face: should you pay off your mortgages and enjoy the security of free-and-clear properties, or should you refinance, access equity, and reinvest to grow your portfolio? Wayne and Gabby share real-life examples, talk through the math, and discuss how different goals, stages of life, and investing mindsets affect the decision. 🧠 What You'll Learn in This Episode Why investors struggle with the refinance vs. pay-off decision How equity can be "dead money" if it isn't working for you The importance of calculating your return on equity (ROE) When refinancing makes sense and when it doesn't The risks of overleveraging and how to avoid them The role of the 5% Rule™ cash flow test in protecting your portfolio Why cash flow matters more at different stages of life How lifestyle choices, mindset, and long-term goals shape your decision 👥 About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies. New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice. 💡 Resources & Contact Learn about our Mentorship Program: www.reimasters.ca Bookkeeping & tax help: www.finngo.com/rei Submit a question: [email protected] Get the 5% Rule™ book on Amazon: The 5% Rule™ – The Real Estate Cash Flow Test Order Now → https://a.co/d/3Xrcnhw 🤝 Thanks to Our Sponsors 🏠 Krystal Kromm – Red Deer Investor-Focused Realtor 📞 (587) 377-8584 🔗 Facebook 🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team 🌐 calvinrealty.ca 🔗 Facebook 📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 🔗 Facebook 💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected] 🔗 Facebook 🏗️ Calvert Home Mortgage Investment Corporation 📞 403-278-0249 📧 [email protected] 🆔 FSRAO License Numbers: 13267 and 13268