Renovations
If you are renovating or planning on renovating your home there are numerous lending guidelines that have to be considered. One of the most common errors is over spending on the home renovation and not being able to include that debt into the upgraded value of the home. In this case the lenders get to keep the high interest rate debt because you were not able to refinance all of the costs back into your mortgage. We do the research to make sure your financing plans are achievable.
Refinancing \ Debt Consolidating
If you have enough equity in your home you can refinance your mortgage to lower your rates or load your high interest rate debt into a new mortgage that is always cheaper. You should definitely call us as soon as you find you are not able to pay out your credit outside your mortgage on a monthly basis. The longer you wait the faster your debt escalates due to the high interest rates. Debt consolidations are one of our favourite specialties. We change your life so you are in control not the lenders. We change it by lowering your monthly payments and at the same time have you reducing your debt not escalating your debt. To get a sample of what we are talking about go to the Debt Consolidation page on our web site www.personalmortgage.ca then give us a call at 905-546-0550. Change your life.
