Lou Cruz RE/MAX Crest Westside (vanw7)

Cell 604-345-3824 | EMAIL loucruzrealestate@gmail.com |

Consolidating your Debt

Many people suffer from post New Year's hangovers as their holiday spending account statements begin to arrive in the mail/inbox.  This year, start the year off with a plan to minimize your monthly expenses and your interest carrying cost.  Your mortage broker can assist you by conducting a no-cost, no obligation financial check-up and evaluate your multiple options.


Having access to all major institutions, mortgage brokers can provide you with the right product, mortgage or line of credit to assist you with your plan for 2013.


As an example, please see the before and after scenarios for people that took steps to rid themselves of their high interest debt.  The result is staggering -  a monthly savings of $1670 and the ability to reduce their amortization by 10 years if they contribute the initial payments towards their mortgage.


BEFORE         BALANCE              PAYMENTS             AFTER       BALANCE            PAYMENTS


Mortgage         $250,000.              $1,390.00                                   $300,000.            $1,434.00


Car Loan           $15,000.                 $ 439.00                                          $0                       $0


Credit cards      $25,000.                  $750.00                                          $0                       $0


RSP Loan          $10,000.                  $525.00                                          $0                       $0


TOTAL               $300,000.               $3,104.00                                  $300,000.            $1,434.00


A mortgage broker's goal is to provide their clients with expert advice ensuring they have access to the right information and the best solution in the industry.  Speak with your mortgage broker, you will be pleasantly surprised.


This information was provided by Maria Yazadjian of Dominion Lending Centres.  You can contact Maria directly at 778-321-3448 or by Email at:  maria@my-mortgages.ca   Make sure to let her know you read this on my blog!!

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