Mortgage planning to fit your financial strategy

April 1, 2025

As part of your overall financial strategy, consider your mortgage strategies to access financing, reduce risk, and protect your real estate investments.

A good mortgage plan helps you keep moving forward regardless of market volatility. When dealing with your largest single asset class, you need to prepare for possible situations such as family illness, job loss, or increasing interest rates.

• Run amortization schedules at the current market interest rate plus .5 %, 1%, and 1.5% to assess the need to adjust potential monthly mortgage payments.

• Where do you want to live? Ask questions about your lifestyle preferences: “Is shopping, a park, a library, and/or city-life within walking distance?” and/or “Is there a major hospital nearby, and access to an airport and/or to major roads such as the 401?”

External influences, such as interest rate movements, and personal factors, such as income and ability to gain loan approval, can affect your real estate financial arrangements. The bottom line is that you must be able to service any mortgage debt and pay down the mortgage.

Let us help you assess your situation as we help plan your best mortgage fit to suit your circumstances.

 

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