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

Aug 25, 2025

🎧 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: [e-mail]

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
📞 [phone]
🔗 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
📧 [e-mail]
🔗 Facebook

🏗️ Calvert Home Mortgage Investment Corporation
📞 403-278-0249
📧 [e-mail]
🆔 FSRAO License Numbers: 13267 and 13268