As you’ve likely heard in the news lately, Canadian household debt is at an all time high with an average 150% debt to income ratio. As a Mortgage Expert, I can offer solutions.
When you think you may want a fixed rate, look at our variable protection strategy. It gives the benefits of taking a variable with the security of a fixed. It builds in payment certainty, protects against future prime increases, and allows our clients to pay down their mortgage much quicker.
With the average variable VS the current fixed, this can save a total $36,543($16,289 interest + $20,254 principal) at the end of the 5yr term(we’ve even built in a .15bp increase in Prime every 6 months) Based on a 300,000.00 mortgage.
Contact me today to see how we can help you and please share this if you believe someone you care about will benefit.
Angela Calla, AMP
Dominion Lending Centers