Recent changes to mortgage regulations in Canada (effective October 17th) MAY IMPACT your ability to refinance your existing mortgage (depending on the lender). As a mortgage broker, I can help you navigate through the universe of lenders to find the best set of rates and terms for your situation. Our advice is free! Even if we didn't arrange your original mortgage, we may be able to offer more attractive solutions that your current bank or broker. Call (613)394-5810 for your free consultation!
Use Your Home Equity to Reduce Credit Card Debt
Given the dramatic increase in real estate values over the last few years, many smart borrowers are now using their equity to help consolidate higher interest 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 much lower interest rate! One important part of a strategy is knowing "good debt" from "bad debt". A well-planned mortgage can help you turn those bad debts into good debts and get them out of the way.
1. Consolidate high interest rate credit cards, credit lines and vehicle loans to one lower rate.
2. Save money and increase cash flow.
3. Reduce stress knowing that your financial situation is now manageable.
If you'd like to have a conversation about refinancing your debt, give us a call today to review your options. It's time to beat the banks!