Refinance
   
     Whether you are taking equity out of the house for renovations or debt consolidation, it is crucial to carefully go over the terms and conditions of your existing lender. By skipping this step, you could potentially be losing hundreds if not thousands of dollars. It is the job of your mortgage broker to go in-depth and analyze the fine details of these terms to make sure it works in your best interest.
     By consolidating all your debts into one low monthly payment, you have more money in your pocket instead of giving it to the one of the major banks, who are the most profitable companies in North America. If you had received a cash back when you first signed for the mortgage, breaking the term means that you might have to pay part of it back.
 
 

Current Situation

  

Potential Situation (5.25%)
Mortgage (6%) $160,000.00 $1024.00   $196,000.00

$1,029.00
Car loan $18,000.00

$540.00

   Paid off ------

Credit cards + LOC

 $15,000.00 $450.00   Paid off ------

Penalty to break mortgage

 $3,000.00

------

   Paid off ------
Total $196,000.00 $2,014.00   $196,000.00

$1,029.00

That's a monthly savings of $985!!!

Let me show you how you can make fewer payments, save money on interest

and improve your cash flow...and best of all, you can be mortgage free quicker!
Call me today to get started!

Purchase

First Time Buyer

Bruised Credit