Debt Consolidation
With the significant appreciation in housing prices over the past decade, many Canadians are taking advantage of low interest rates and lender refinance programs
If your monthly bills have gotten out of control, you might be able to refinance your home and pay them off.
Benefits include:
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A single monthly payment rather than multiple payments
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Lower interest rates
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Money left over to invest
The advantage of doing this is that by borrowing money through your home at a lower interest rate and paying off your high interest debt - such as credit cards - you'll be paying less in interest every month as well as having lower total monthly payments. This in turn will save you money in the long run, as you'll be paying down more of the principal debt you owe. You may be surprised by the amount of money you can save!
Contact Myette and she will review your situation and make a recommendation that can save you money every month.