An annual review of your mortgage is important as your needs
and life circumstances may have changed. As your “Mortgage Broker for Life”,
I provide a Free service in which I will review your mortgage and your
individual situation to review as part of my Mortgage Health Check-Up. You may
have a mortgage that is not right for you anymore.
Please see 5 reasons that you may need a Mortgage Health
Check-Up,
- You
may have a Rate Higher than you could get today.
- Variable rate higher than
Prime Minus 0.5%. Further it is
possible we see upwards of 1.5% rate increases on this by the end of the year.
- If your mortgage is
coming up for renewal in the next year you may want to consider your options
now as fixed rates have been rising over the last year.
- You
may be carrying a lot of debt at very high interest. If you are sitting on
even $20,000 in debt, you could save Hundreds, if not Thousands in
interest and lower your monthly payments.
- Why not roll the debt in
to your mortgage? With my strategies,
you don’t have to start over, but you can save thousands and pay off your
mortgage even quicker.
- Your
house may need costly renovations or upgrades. Including these expenses in
your mortgage will a lot cheaper than trying to obtain 3rd party financing
at higher interest rates.
- I have a refinance plus
improvements program which is extremely useful in these situations even
if you don’t think you have enough equity.
- You may have more equity
than you think. Property values are
still really good.
- Is
your mortgage up for renewal this year or next?
- I have helped several
clients lately get in to lower interest rates now. You won’t have to
worry about future rate increases.
- You
have an extraordinary expense coming up.
- Do you have a child going
to college, or getting married?
- Perhaps you want to help
your children to purchase a house of their own.
Ask the Experts
While home mortgage health checks are a fantastic way to
refinance your mortgage and reassess your finances, we don’t expect you to do
all of the above yourself. Whatever questions you have relating to reviewing
your mortgage, it’s always a good idea to contact a lender or your financial
adviser. As experts, a mortgage broker can provide you with the most
appropriate advice when it comes to switching to another home mortgage product
that suits your requirements.
