With interest rates shifting and financial uncertainty on the rise, we know many Canadians are feeling anxious about their mortgage renewals. Just yesterday, we contributed to a Global News story on this very issue.

I emphasized the importance of reviewing your overall finances before signing a renewal. Every situation is unique, and making the right choice can save you thousands.

If you or a loved one have a mortgage renewal coming up, here are three key questions to consider:

• Do you have any financial concerns with the current economy? Will it impact your income? We can help build protection into your mortgage plan.

• Do you foresee needing to access equity to:

-Pay off high-interest debts (credit cards, lines of credit, loans)?

-Cover upcoming expenses?

-Build an emergency fund for peace of mind?

You don’t have to wait for your renewal to explore better options. If your mortgage rate is over 5% or you answered “yes” to any of the above, its worth exploring.

Just this week, we helped a hardworking family with two kids redo their mortgage (originally obtained in 2023). They used their home equity to pay off credit cards, a line of credit, and a car loan—saving $1,297 per month in payments! That extra cash flow is now going toward building their emergency fund and reducing financial stress.

Let’s see if we can find some savings for you.  We’re here to help.

Angela Calla is an 19-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 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 hello@countoncalla.ca or at 604-802-3983.

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