July 1, 2025
Plan your mortgage shopping. It is important to plan ahead regarding your mortgage. A mortgage specialist can help you review your needs and develop the most advantageous financial strategies for you. Let’s explore seven ways to restructure your mortgage finances.
- You can consolidate your debts at a low interest rate. Over the course of a year, you may have increased your credit card balances or taken on a car loan, and you may find the increased payments difficult. A mortgage specialist can help you consolidate debt, and it may save you thousands.
- Watch for your renewal date. When you receive a letter indicating it’s time to renew your mortgage, call us for advice. This is your opportunity to have us negotiate the best possible rate for you.
- Work the math. We will work the numbers for you to guide you on how to maximize your repayment process, allowing you to build your home equity faster. Instead of paying your mortgage monthly, consider paying it weekly or bi-weekly. A small change can save you thousands over time.
- You need a bigger home. You may want to consider renovating or relocating. It is often less expensive to renovate than to relocate. Financing options are available to renovate a kitchen, bedroom, bathroom — whatever dream you may have in mind for your current home.
- Consolidate wisely. When considering consolidating, good credit behaviours are important. This helps you qualify for the best mortgage rate. Don’t let your credit accounts exceed 30% of the credit available, and pay your bills on time.
- Significant goal planning. If you have significant current needs, such as funding education, making a large purchase, investing, renovating, or paying down debt, your mortgage might be your most cost-effective financing option.
Please call me or connect via this website to arrange a meeting to discuss any mortgage questions you may have.
Source: Canada’s Economic Action Plan
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