How to Get Rid of your Holiday Debt Hangover

Many people suffer from post New Year’s hangovers as their holiday spending account statements begin to arrive in their mail/inbox. This year, start the year off with a plan to minimize your monthly expense and your interest carrying costs by conducting a no-cost, no obligation financial check-up with your Dominion Lending Centres Mortgage Professional.

As an example, please see before and after scenarios for clients that took steps to rid themselves of high interest debt, and their result was a monthly savings of $1670 and an ability to reduce their mortgage amortization by 10 years.

You can use these savings to ease your monthly cash flow, and/or apply it to pay your mortgage down faster! For example, by putting $800 of the $1670 of the new cash flow savings against the mortgage, you can reduce the amortization by 10 years and save almost $40,000 in interest over the mortgage term.

I also have access to low rate Visa Cards with initial rates as low as 4.9% and ongoing rates as low as 9.9%. These visa cards are specifically designed to help you minimize your interest costs if a new mortgage advance cannot completely payout the higher interest debt.

Start the New Year right with a no cost, no obligation financial check-up with me today.

Comments are closed.

Categories
Mission Statement

Our goal is to build long-term relationships with clients based on trust and proven performance.