Restructure Debts With Your Mortgage
Many Canadians these days are carrying debt from several sources – credit cards, car loans, personal loans – and are paying much more in interest costs than they should be. An option to consider is to pay off higher interest debts with funds secured through a refinanced mortgage.
Debt restructuring or consolidation can offer a simple way to better manage your borrowing costs. Some who restructure opt to shorten their mortgage amortization. Paying off your mortgage in a shorter amount of time will easily save you several thousands of dollars in mortgage interest costs. Others who restructure opt for lower monthly mortgage payments which create larger monthly cash flow for other purposes.
Most importantly, a well thought-out debt restructuring plan can set you up for success, because at the end of the mortgage amortization period, your total debt is zero. With revolving credit – such as credit cards – you may be paying a lot in interest without ever attacking the principal.
Take control of your borrowing costs – at Invis-Feisal & Associates we will review your financial needs and show you how restructuring your borrowings can reduce the interest paid on debt.
Call us toll-free today at 1.866.576.1412
and allow us to show you how to become mortgage and debt free sooner.
Thanks so much for all your patience with all our questions and concerns. We now have possession of our house and we know that you got us the best rate for our mortgage! All our friends are envious. It must have been difficult to deal with us because we didn't have a realtor, but we really do appreciate all the time and effort you spent with us. We will definitely pass your name on to our friends and family. Take care Feisal.
Kathy & Rick M.