In a stormy economic market, your home can be your financial haven.
Who We Are
• Canadian Mortgage Brokers has been in business since 2002 with over 18 years in the mortgage financing business.
• We believe that it is important to integrate your mortgage into your overall financial plan.
• Our goal is to help our clients manage cash flow, build liquidity and accumulate wealth through mortgage plans that are a custom fit to each client.
• Our business has been built primarily from referrals from satisfied clients and referral sources.
Types of Debt
High interest debt:
• Credit cards
• Car / Personal loans
Lines of credit
• Have lower interest than credit cards but the 2-3% required payment each month can eat into cash flow
Lower interest mortgage secured against your home
• Compare the interest rate on your credit cards vs today’s great mortgage rates. It’s your lowest cost way to borrow.
Are you carrying too much high interest debt? Are you finding that your cash flow is squeezed every month because of your debt?
Use equity for cash flow and debt management
Personal debt is growing, while there has been an upswing in personal wealth because of home equity.
An analysis of your debt and equity often reveals the opportunity to use your equity to consolidate your debts into your mortgage at today’s great rates.
This is a very important opportunity if you are having difficulty meeting all of your debt obligations. If you run late on a payment – or run short on the minimum amount – your credit rating can be affected.
Pull debt together for a real money saving strategy
If you have equity in your home, there is no good reason to be carrying lots of high-interest debt. If you pull it all together in a new mortgage, you can:
• save thousands of dollars in interest
• boost your cash flow
• gain some simplicity through one manageable monthly payment to one lender
The benefits are immediate and long lasting!
Make use of the extra cash flow!
Build a savings account – you may need a safety net later should you have to deal with a downturn in income, or an unexpected expense
Invest for the future (along side your financial planner).
Put some or all of the extra cash flow on your mortgage. If you put $450 a month of your extra cash flow on your mortgage payment, you can reduce your mortgage amortization from up to 10 years!
We’re a fortunate generation of homeowners, we can benefit from low mortgage rates to enjoy our homes and our lives, and to manage our debt wisely.
Take advantage of your fresh start
Home equity debt consolidation is a golden opportunity.
Aside from the debt stress relief and interest savings, restructured debt also gives your a fresh start at responsible financial housekeeping: sensible spending and saving habits.
Make sure you maintain your new financial comfort by living within your means. Try not to go back to old habits; use your credit cards wisely. Set up a budget and stick with it!
Our Process
• We’ll analyze your debt structure to see if you can benefit from debt consolidation.
• We’ll also understand your long term financial goals using our simple goals worksheet.
• You’ll receive a customized mortgage plan.
• We provide an annual review.
All at no cost to you.
In Closing
Your mortgage is a powerful financial tool.
If you would like, we can meet to discuss this concept one on one. There is no cost to review your current situation and to determine if you can put your home equity to work.
We look forward to meeting with You!
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