Are you a homeowner in BC worried about payment shock at renewal? You are not alone and it’s important to look at the whole financial picture.
Click on the image below to watch Angela Calla break down for Global News the key strategies to manage your mortgage.
1. Adjust amortization – extending your amortization out to the maximum 30 years could significantly reduce your monthly payments. You don’t have to renew at the same amortization schedule that was set at your previous term.
2. Consolidate outside debt – rolling in high-interest debts such as personal lines of credit, credit cards and car loans can free up monthly cash flow by having one lower payment.
3. The right payment strategy, terms and rate choice – selecting the right payment options for your lifestyle can help pay off your mortgage faster.
While we briefly touch on this in the clip, the best advice is unique to your financial goals.
Contact us directly for personalized mortgage advise.
Angela Calla is a mortgage renewal and debt elimination expert with over 20 years of industry experience. She is also a multi-award-winning mortgage professional. Since beginning as a mortgage broker in 2004, Angela has helped thousands of Canadians optimize their mortgage strategies, eliminate debt, and build wealth through real estate.
She is the best-selling author of The Mortgage Code, which equips readers with the tools to make informed financial decisions. Additionally, she is the host of Canada’s longest-running finance radio show on CKNW, where she simplifies mortgage advice and empowers listeners to take control of their financial futures.
Angela has been recognized as Business Leader of the Year (2020) by the Tri-Cities Chamber of Commerce and Entrepreneur of the Year (2019) by the City of Port Coquitlam. She is also a sought-after speaker and educator, delivering accredited training for real estate boards across Greater Vancouver.
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 hello@countoncalla.ca or at 604-802-3983.
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