Mortgage Intelligence

Oshawa's Mortgage News Desk!

Your source for lowest-cost funds

Leave a comment

db14142_fb_miscconcepts_55989602_mi

Canadians are looking to their mortgage for low-cost funds. According to a 2015 survey by Mortgage Professionals Canada, for those who were qualified to do so (homeowners with at least 20% equity),  and did take equity out of their home, the average amount withdrawn was $70,000, up from $51,000 in the previous survey. The tops reasons for refinancing include:

  1. Paying down debt (35%)
  2. Renovations (23%)
  3. Investments (19%)
  4. Purchases or education (14%)

Your mortgage can be your best route to low-interest debt. Whatever your need might be, the experts at MiMortgage.ca can crunch the numbers to see if your mortgage is your most cost-effective option.

Advertisements

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s