This is not your parent’s mortgage!! We have been well trained by our parents who have been strongly influenced by the banks to want to quickly pay off our mortgages. Back then, the price of homes was substantially lower and the interest rates were astronomically higher. Our environment has changed. We now have these big mortgages with incredibly low-interest rates that we should be taking advantage of. The equity grows and you get the tax benefits of homeownership. Due to the cost of everything including homeownership rising, 6/10 Canadians are living paycheck to paycheck due to debt. We are struggling with debt and the banks are profiting from the incredibly high-interest rates incurred by credit cards and other loan providers.
Debt Consolidation will free up your monthly cash flow to in turn re-invest in yourself and your financial goals
If you have a home and have acquired the equity in your home, why not take advantage of the lowest interest rate available. Most of us are afraid to consolidate our debt with our mortgage. Our main focus is to pay off our mortgage as quickly as possible…before retirement preferably, please and thank you.
Think about this, how are you possibly going to pay off all that debt without an inheritance, winning the lottery or a crazy large bonus at work. If your debt is growing, be proactive. Refinancing with the lowest available interest rate including any penalties or costs will give you the chance to start over. And increase your cash flow that can no go towards the principal in your home rather than paying the high interest on your debt.
Saving our clients money and the freedom of not living paycheck to paycheck
Through debt consolidation, we have saved our clients anywhere from $500 to $5,000 per month that they were using to pay off their debts. That equals anywhere from $6,000 to $60,000 a year. It’s empowering to be able to build a savings nest or buy an investment property or invest in RRSP’s and RESPs. All the things our clients wanted to do but were unable to do because they were focused on paying off debt. This increase in liquid cash can make the difference between spending the next 10 years paying off debt or spending the next 10 years building up your financial portfolio and your savings account and growing your wealth.
I still want to pay my mortgage off faster!!!
This is even more possible after debt consolidation. This increased cash flow can be put back into your mortgage as well as be used to build up savings. Traditional Bank mortgage terms and conditions lock you into an inflexible mortgage that takes away your control to pay off your mortgage quicker and adjust to life’s challenges. In some cases, you are given one day, on your anniversary date to pay an additional amount. Mortgage Brokers have access to Lenders, not available to the public, to help you achieve your mortgage goals faster and without bias using competitive mortgage rates, flexible payment structures and low exit fees to work to your advantage with every life stage.
Angela Calla is an 18-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages.
In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.
Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at email@example.com or at 604-802-3983.
Click here to view the latest news on our blog.