With a new year comes the time where we vow to kick bad habits and set a healthier or more positive course for the new year ahead. Improving our finances usually tops the list.
For the 10th straight year, the top financial priority for Canadians in 2020 is to pay off their debts.
With this goal in mind and already February, ask yourself if you’ve made any progress on paying down your debt. How can you keep the momentum month over month so that your beginning of the year ambitions don’t turn into March memories?
An option for current homeowners that have equity in their home is to refinance your mortgage to pay out debts and take advantage of low interest rates.
Refinancing your mortgage may be a great option to pay out higher interest payments such as credit cards, vehicle loans, thus saving you hundreds of dollars each month.
If you’re interested in learning more about refinancing and if you have equity in your home, reach out and we can discuss your situation to see if refinancing is the right option for you.
Tatum Neufeld, BComm
Mortgage Broker • Mortgage Tailors