Mortgage Blog
Planning for the Unexpected
September 8, 2022 | Posted by: Sharon Patton
Planning For the Unexpected
Did you know that the cost to raise a child in Canada from birth to 18 years old is about $270,000?
This works out to roughly $10,000 - $15,000 per year.
Let's look at the common and unexpected expenses of raising children.
Common Expenses:
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Food
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Clothing
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Transportation
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Personnel Care
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Housing
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School Expenses
Unexpected Expenses:
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Braces
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Medical Expenses
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Daycare
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Activities
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Rep Sports
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Post Secondary Education
Wouldn't it be great to have access to a pot of gold for the unexpected expenses that come up throughout the year?
We have a solution for you! Let's access the equity in your home and give you access to funds when you need them, through a line of credit.
What are the Benefits of a Line of Credit?
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Lower interest rate
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Interest-only payments
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Access to funds when needed
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Peace of mind
We can help you plan for the unexpected. Let's chat today and have a plan in place for when those unexpected expenses arise.
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