Joshua Bacchus, CPA, CFP®, CLU®
Financial Advisor
Financial Advisor
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Plan your mortgage shopping. It is essential to plan regarding your mortgage. A mortgage specialist can help you review your needs looking at developing your most beneficial financial strategies. Over 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. You will have an opportunity to have us negotiate your best possible rate.
Work the math. We will work the numbers to guide you on getting more from your repayment process to 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.
Are you 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 remodel a kitchen, bedroom, bathroom — whatever dream you may have in mind for your current home.
Consolidate wisely. When considering consolidating, good credit behaviours are essential. An excellent credit rating 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 prepares you. If you have substantial 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.
Source: Canada’s Economic Action Plan
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