Mortgage brokers help provide professional advice to help you understand the difference between “good debt” and “bad debt”.
Why Should I Consolidate My Debt?
Whether you are paying off a credit card, or an existing mortgage, consolidating your debt can help you save money in the both the short and long term by paying a single, much lower interest rate. Mortgage brokers help provide professional advice to help you understand the difference between “good debt” and “bad debt”.
I’d Like To Lower My Credit Card Payments
Many Canadians are taking advantage of refinancing some of the equity in their home to reduce their credit card debt. Why pay high interest rates on your bank's credit card debt when you can add that debt to your mortgage and pay a single payment, much lower interest rate?
A well-planned mortgage can help you save money and increase cash flow.
I’d Like To Secure a Lower Rate For an Existing Mortgage
If your mortgage renewal is fast approaching then you’ll soon be at an important financial milestone. Now's a great time to look at the many innovative options and competitive rates available. Lenders send out renewal forms just prior to renewal dates to those with good payment histories, with about 70% of homeowners sending it back without asking any questions.
In today’s hectic world, that can be the easiest and best route, but you should ask yourself some questions before you sign on the dotted line. This could be an important moment of opportunity.
Did you know that homeowners can withdraw up to 80% of the current appraised value of their home?
The hard-earned equity you have made in your home can also be used to consolidate high-interest debt. That's now. But what about when you find yourself in a touch financial situation? You can also use your equity to buy investment products and other property that makes you money, long term.
You can use your equity funds to pay off your mortgage quicker and improve your lifestyle. These are some of the advantages you get when you work with a mortgage broker who has experience negotiating all kinds of life circumstances.