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Make 2020 your best money decade….3 secrets to success.

General Angela Calla 18 Dec

Get ahead of your finances, turn the tables and get your equity working for you. We cannot increase the hours in the day and wages can only go up so much. Most people have the desire to have a little more financial freedom and want to get their money working for them, they just don’t know how. Here are the three secrets!

  1. Learn how much equity you have in your home.

Take the assessed value of your home and take into consideration that Lenders are very conservative with this number.  Determine how much you still have remaining on your mortgage to pay.   With a $1 million home value (be conservative) you can utilize up to $800,000 minus your mortgage. If your mortgage is $400,000, you would up to $400,000 remaining and available to deploy how you best see fit.






  1. Look at breaking your mortgage to add in outside debt

Don’t be afraid of the penalty. Breaking your mortgage is a good thing when you have the advantage of the net benefit.  Also moving forward, look to see if you qualify with a monoline lender. This is the best kept secret for equity building. Consolidating your debt into your mortgage will also improve your credit score and be a significant emotional benefit to you. Some people save $300 to $3,000 a month by doing this.

  1. Determine how you can get money available to you and work with your accountant to see how you can free up cash flow.

Maybe you can invest in RRSP’s to minimize your taxes and get a refund to further enhance your wealth, or an RESP to help your kids get started and get the government money that’s available to match it. If you’re going to do renovations that make your home more energy efficient –   there are refunds available and this will increase the value of your home. Maybe now you can purchase a revenue- producing investment like a rental property while making your mortgage tax deductible.

The options are vast when you are focused on yourself and are working together with people who share that same focus. With tax time quickly approaching – this is your time to learn how to get what you already have working in the best position possible. Remember, all it takes is one step forward and you can get the information related to you directly from the source.

Angela Calla is a 15 year award-winning woman of influence and mortgage expert. Alongside her team, passionately assisting mortgage holders get the best mortgage, and educating them on “The Mortgage Show” on CKNW for over a decade and through her best-selling book “The Mortgage Code” available on Amazon. To purchase the book click here: The Mortgage Code. Proceeds from her book sales are donated to local charities helping families in the tri-city community.  For media interviews, speaking inquiries or personal mortgage assistance, please contact Angela at or 604-802-3983.