9 Oct

You Might As Well Burn Money!

General

Posted by: Jill Couture

Imagine this scenarioBurn Money 01

A person receives a renewal notice from their bank and can’t decide what to do. “Do I stay or do I go?” they say to themselves. They make one phone call to a mortgage broker, but still don’t know what to do. The bank is offering 4.39% on a fixed one year and doesn’t require anything but their signature. The mortgage broker can get 2.39% for a 1 year fixed rate, but requires them to send in paperwork and they think “Ugh, what a hassle. I think I will just sign the existing lenders papers and take the 4.39%.”

80% of Canadians will not shop around. This person will pay $3,146 more for the year than a person who takes the time and works with their mortgage broker! This is just a one year example. Imagine this over 5 years… You might as well burn money!

The sad part about this is that it actually happened. Do not simply sign the renewal form! Shop around! Call me if your mortgage is coming up for renewal, I can help!

Jill CoutureJill Couture
604-809-0590
Jill@GetTheFinancing.com

1 Oct

You CAN Pay Off Your Mortgage Faster!

General

Posted by: Jill Couture

Pay Off Mortgage FasterToday I helped an existing client restructure his mortgage.  By taking my advice he will pay off 8 years and 3 months of his mortgage in the next 2 years.  He will do this without increasing his payment.  This client started as a first time home buyer in 2009 and started with a 35 year amortization.  In 2014 he will have only 16 years and 8 months remaining!  He will have paid off nearly 20 years in just 5!

 

If you would like a check up on your mortgage please contact me, I would love to help you with what is most likely your largest debt.  Contact me today for more information!

 

Jill Couture



Jill
604-809-0590
Jill@GetTheFinancing.com

 

 


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