Act now to restructure your debt.
New mortgage rules start January 1, 2018, which may unfortunately affect your ability to use your home equity to consolidate your high-interest debt into a new or existing mortgage. This is a great option if you are in need of extra cash flow, want to pay down your debt faster, and save potentially thousands of dollars in interest. Act now if you want to realize these benefits:
If you put $500 of your monthly savings back into your mortgage payment, you’ll reduce your amortization from 25 years to 15. Or you could invest in RRSPs or RESPs and reap some tax benefits. The choice is yours.
To find out how you can lower your debt, boost your monthly cashflow and be mortgage-free quicker, before the new rules come into effect, contact us right now using the form below.