Mortgage Broker in Waterloo, ON
As your mortgage professional, I will work with you to understand and assess your unique requirements, and help you understand what is affordable. There is a solution for you and I believe YOUR input is top priority in order to make the decision together.
Is your mortgage up for renewal in the 2-3years?
Good idea to starting thinking ahead. While we've had rate cuts recently, you may be sitting in a high fixed rate mortgage. Having a mortgage review makes sense. You may want to refinance to consolidate debt or use to update your home. There's no cost to getting an opinion from a mortgage professional.
Has your credit score changed for the better?
If you originally got a higher interest rate mortgage because your credit report was showing a favourable rating, then it's time for a review. An improved credit score may qualify you for a lower interest rate and save you precious dollars every month to use towards something else.
Done your renovations on your home equity line of credit and don't see the balance declining?
Convert it to a mortgage or combine it to one set amortization period which will let you pay off the balance in full and put it on a fixed payment schedule.
It doesn't take long to determine if your mortgage is in need of a makeover. If you answered yes to any of the above questions, a mortgage consultation makes sense.