Mortgage Intelligence

Oshawa's Mortgage News Desk!

An annual mortgage checkup can be a smart financial move

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Image by courtesy of moneysense.ca

Image by courtesy of moneysense.ca

To many of us, life happens at some point in our lives – divorce, falling ill, death in the family or loss of employment, and as a result our financial circumstances and mortgage needs may change too. Therefore getting a mortgage professional to carry out an annual financial checkup is advisable.

With all the changes in your life, you may want to make sure that:

  •  you are taking advantage of your prepayment privileges to maximize your mortgage principal reduction;
  • large amounts of high-interest debt are transferred to a lower interest rate so you can boost your cash flow and save on interest costs (if you have enough equity in your home);
  • you get a professional review of your options if your mortgage is renewing in the next 12 months;
  • you are taking advantage of today’s attractive mortgage products, which include prime minus variable, fixed-rate, or hybrid mortgage (part fixed, part variable); and,
  • you have access to the lowest-cost funds for renovations, education funding, a vacation or investment property, or other large looming expense.

We can tailor your mortgage to your changing needs. Contact the MiMortgage.ca team at 1 866 452-1100 to book your free no-obligation mortgage review and make sure your mortgage incorporates what may be ahead: it could pay big dividends and is the best way to get you where you’re going in your financial future!

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Author: mimortgage.ca

David Hetti is a full time Mortgage Broker with Mortgage Intelligence (FSCO Lic MO8002434) David is the Director of Operations at Mortgage Intelligence Oshawa and heads a team of full time licensed Mortgage Agents serving all of Ontario. David is also a licensed Insurance Consultant.

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