Mortgage Blog
How to Make Your Holiday Bills Disappear
January 18, 2024 | Posted by: Sharon Patton
Many Canadians have their highest debt load in January.
You could save thousands of dollars in interest by creating a plan to pay down your debt!
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. 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 savings can be significant!!
Take a look at this scenario below.
You can use these savings to ease your monthly cash flow, keep your payment the same, and
pay down your debt faster. For example, by keeping your payment at $400.00 per month you
could pay off this debt in 5 years at the lower interest rate.
We will assess your situation and determine what options you have to roll any debts into your
current mortgage.
If this sounds like a good solution for you, let's chat. I’d be happy to answer any of your
questions and we can determine if this fits within your financial goals.
Follow us on Facebook and Instagram for more mortgage tips and advice.