Brampton and Ontario Mortgage Blog
Dare to dream before you sign on the dotted line
October 28, 2015 | Posted by: Paul Hunjan
Now that you are nearing your mortgage renewal and have reached another milestone in your biggest investment ask yourself a few questions before you sign on the dotted line.
Paul Hunjan with Centum One Financial Group Inc. in Brampton suggests homeowners put a little more thought into their mortgage renewals. Can you get a better rate? Is there a dream you can realize now by tapping into some of that equity?
Although it is convenient to select your next term preferences from the form sent by your current lender, contacting a mortgage broker may end up saving you thousands of dollars over that term. There are many innovative options for mortgage products today and having multiple lenders compete for your business is a great way to ensure you get the best rate. With access to over 50 Canadian lenders, Paul Hunjan can put significant negotiating power behind finding the best mortgage to fit your specific situation.
As real estate values continue to rise and mortgage rates remain low, this might be the perfect time to tap into some of that equity and improve your quality of life through debt consolidation, a vacation property, home improvements or a special dream purchase.
Consolidate high interest rate credit cards to one lower rate
Save money and increase cash flow
Reduce stress knowing that your financial situation is now manageable
Tapping into home equity for renovations such as new windows, a pool or some stunning landscaping is like putting money right back into the bank with an increase in your homes market value. Or, now might be the time to realize that lifelong dream of owning a cottage. You’ve made a good investment and now it’s within your means to invest into other real estate.
Whatever your long term goals may be, a mortgage renewal is a time to reassess, regroup and plan for your future.
For more information on mortgage renewals and refinancing visit Centum One Financial Group Inc. here and discover the options in mortgage products.