If your debt is piling up – credit cards, store cards, car and loan payments– then the interest that you're paying could be standing in the way of your financial security. If interest rates go up as expected, it could get a lot worse.
The good news is that Canadian homeowners have a great option: debt consolidation. It's a simple concept: you roll up all the extra debt you have outside your mortgage, and you consolidate it into a new or existing mortgage. If you've built up some equity in your home, then this consolidation is the simplest way to power through your debt.
5 Reasons to Refinance 1.Get a lower interest rate 2.Consolidate high-interest debt 3. Backyard renovations 4. Buy a second/vacation home 5. Access lowest-cost funds for large expense
Contact me to get started! Key Mortgage Partners FSCO#12233 network partner of Mortgage Intelligence
We've become the Renovation Generation because we can. We've built some equity over time, and we can tap into that equity to build lifestyle value into our homes. With historically low interest rates, Canadian homeowners have seized the opportunity to do a “reno and roll": rolling the cost of their renovation into their mortgage for one easy monthly payment, and then using prepayment features to pay it off faster. With some expert refinancing advice, you could potentially save thousands of dollars over the life of your mortgage: making that “reno and roll" one of the smartest things you've ever done for your family and your finances. Call me today to discuss your options!
If you have too much high-interest debt, you may be able to roll everything into one manageable monthly payment on a low-interest mortgage. You can potentially save thousands of dollars or interest and increase your monthly cash flow. Accessing your home equity through a refinance(min20% home equity required) has been for years an easy, low-cost way to get needed funds, particularly to pay off other accumulated debt from credit cards, lines of credit, personal/car loans, tax arrears and overdraft. If you are interested, I can provide you with a personalized analysis to determine whether a consolidation makes sense for you.
Is it time to review your mortgage? Let me review your situation so I can help you with any hurdles you may have encountered. Mortgages available in Collingwood, Stayner, Wasaga Beach and surrounding area. Call me today.
