Want to make your holiday bills disappear?

Many Canadians suffer with their highest debt load in the month of January. Save thousands of dollars in interest by creating a pay down plan! Consolidate and restructure your debt into your mortgage so you are paying less interest and paying off debt sooner. Start the New Year on the right foot by saving money and taking advantage of historically low mortgage interest rates. Look at what you are paying on your credit cards and other debts. If you roll those high interest debts into a new or existing mortgage, your potential saving can be significant!

* Example interest rate is for illustration purposes only. Rate is subject to change.

You can use these savings to ease your monthly cash flow, or apply it to pay your debts down faster! For example, put $500.00 per month of your new cash flow into your mortgage payment and reduce your amortization from 25 to 15 years! I will assess your situation and determine if there are any penalties to break your current mortgage and evaluate if the savings outweigh the penalties

Posted by Steven Porter. Steven is a licensed Mortgage Agent with Mortgage Architects and retired, licensed, real estate broker with 30 years experience in residential real estate. Certified Reverse Mortgage Specialist (CRMS); Seniors Real Estate Specialist (SRES) and Accredited Buyer Representative (ABR). Steven can be reached at 1-905-875-2582; steven.porter@mtgarc.ca or online at 1800Mortgages.ca