There is a way to be mortgage-free much faster than you think. And the best thing is that you get to pay off high-interest debts at the same time. The trick is to take advantage of the money tied up in your home in the Oshawa area.
Without a doubt, credit card debts have the power to choke your cash flow. This is mostly because of the high interest. But if you add penalties to that, things can quickly turn from bad to worse. And there’s one more thing that’s worth stressing.
Although it might not appear that way, the penalties can make a major difference to your cash flow. The silver lining is that there’s no need to struggle with unconsolidated debt. You can refinance 80% of your home’s value.
But what are the main takeaways of the refinancing strategy? It boils down to three key things:
Sounds enticing? Contact us via email or phone to get all the details and a RAPID mortgage pre-approval.
The waterfront areas offering Kempenfelt Bay vistas and Oshawa historic downtown are just some of the perks of living in this city. Plus, there’s not a dull moment in Oshawa due to the number of events and festivals.
However, Oshawa living isn’t exactly easy on your wallet. Not that this is any different compared to other Canadian cities. But things can become challenging if you struggle with debt.
Do you want to suffer restless nights thinking how to repay your debt? Of course not. Therefore, you shouldn’t hesitate to get credit counseling. At Credit Canada in Oshawa, we offer a few services to help you become financially stable. These include:
Call us or drop by at our office on Cedar Point Drive, Oshawa, and we’ll provide the necessary assistance.
It’s no secret that second mortgages have become very popular. For many, they’re a means to deal with unforeseen expenses and get a loan fast. But you can pay off other things as well. Typically, people use second mortgages for the following:
If you want to know more, don’t hesitate to get in touch for a free consultation.
You can expect the rates to be higher, but there is a catch.
If your property has a low loan-to-value ratio, you should be able to get the lowest possible rate on the second mortgage. To be exact, the loan-to-value ratio should be under 60%.
HELOCs is an abbreviation of Home Equity Lines of Credit. It’s a great option to raise funds against your property, but there are certain things you should know.
These loans are secured against your home. More importantly, private lenders don’t need to adhere to the same rules as banks. In fact, the only requirement is for the home to be equitable and for you to be the legal owner.
Reach out to us – our team of home equity loan experts in Oshawa is there to answer all your queries.
As the Bank of Canada eases on bond purchases, mortgages rates rise. This has caused anxiety and a flurry of media articles proclaiming doom and
Best Debt Consolidation Option in Barrie There are many ways to consolidate debt and each method has its own set of pros and cons. Most
Brokers are anticipating a particularly busy 2014 as clients look to move before the Bank of Canada does, although there’s new thinking on the timing
The minister responsible for Canada Mortgage and Housing Corporation (CMHC), Jason Kenney, announced today that Evan Siddall has been appointed president and chief executive officer
© 2020 All rights reserved
Made with ❤ with iToolPro
