Plan your mortgage shopping ahead It is important to plan ahead regarding your mortgage. A mortgage specialist can help you review your needs looking at developing your most advantageous financial strategies. Let’s look at 7 ways to remap your mortgage finances.
You can consolidate your debtsat low interest Over the course of a year, you may have increased your credit card balances or taken on a car loan and find the increased payments difficult. A mortgage specialist can help you consolidate debt and it may save you thousands.
Watch for your renewal date When you get a letter indicating it is time for renewing your mortgage, call us for advice. This is your opportunity to have us negotiate your best possible rate.
Work the math We will work the numbers for you to guide you how to get more from your repayment process so you can build your home equity faster. Instead of paying your mortgage monthly, pay weekly or bi-weekly. A small change can save you thousands over time.
If you are looking for a bigger home You may want to renovate or relocate. It is often less expensive to renovate than to relocate. Financing options are available to renovate a kitchen, bedroom, bathroom — whatever dream you may have in mind for your current home.
Consolidate wisely When considering consolidating, good credit behaviours are important. This helps you qualify for the best mortgage rate. Don’t let your credit accounts exceed 30% of the credit available and pay your bills on time.
Significant goal planning If you have significant current needs such as funding education, a large purchase, investments, renovations, or paying down debt, your mortgage might be your most cost-effective financing option.
Please give me a call or connect via this website to arrange a meeting to discuss any mortgage questions that you may have.
Source: Canada’s Economic Action Plan
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