Mortgage rates are the low – no need to panic or move right?!

WRONG

If you have a mortgage over 4%, the earlier you take control and review your mortgage, the sooner you can retire.

Want proof? Consider the following:

.               $300,000 mortgage with a 30-year amortization

2007 average 5-year fixed interest rate: 5.89% = $1,764.00 monthly mortgage payment

2011 average: 3.39% 5 year fixed rate mortgage = $1,325.00 monthly mortgage payment .

.               This translates into a $439 monthly savings or $5,368 more in your pocket each year

.               It also means taking more than 10 years off the length of your mortgage

.               To earn an extra $439 per month net (after taxes) at a $20 an hour job, you have to work three days

Math doesn’t lie – it doesn’t have emotion or hold mercy if you were busy with everyday life. Not reviewing your options is choosing to pay and work more. Taking 15 minutes to review your options could result in saving the above.

What are you waiting for?

This really shows us that time is money. If you haven’t acted on our help yet, it’s okay! We’re here to help you and those you care about to ensure you have a clear understanding of how this information relates to your unique situation. It all starts with a phone call to 604-802-3983 or an email to acalla@dominionlending.ca.

 We’re looking forward to learning how we’re going to contribute to your retirement before the end of the year!

 Angela Calla, AMP of Dominion Lending Centres is one of Canada’s Top 50 Brokers, AMP of the year in 2009 and hosts The Mortgage Show Saturdays at 7pm on CKNW AM980 she can be reached at 604-802-3983 acalla@dominionlending,ca www.angelacalla.ca