Blog Post

Want to make your holiday bills disappear?

Rita Cousins Senior Mortgage Advisor • February 9, 2021

Make a plan to settle the excess spending that’s racking up interest on your credit cards.

Many Canadians suffer with their highest debt load in the month of January. Save thousands of dollars in interest by creating a pay down plan! Consolidate and restructure your debt into your mortgage so you are paying less interest and paying off debt sooner. Start the New Year on the right foot by saving money and taking advantage of historically low mortgage interest rates.

Look at what you’re paying on your credit cards and other debts. If you roll those high interest debts into a new or existing mortgage, your potential saving can be significant!

Take a look at this scenario:

You can use these savings to ease your monthly cash
flow, or apply it to pay your debts down faster! For
example, put $500.00 per month of your new cash
flow into your mortgage payment and reduce your
amortization from 25 to 15 years!

I will assess your situation and determine if there are
any penalties to break your current mortgage and
evaluate if the savings outweigh the penaltiess!