Description
Home equity helps the homeowners with their short term financial plans. Some of the financial goals include:
Debt consolidation
World tour
Wedding
Planning of second home
Investments
renovation
Other benefits you get when you pick our mortgage services:
No charges on zero balance
Non-traditional income verification
No penalty upon returning the loan
No charges for loan renewal
Availability to access funds in case of urgent needs
No need to refinance YOUR First mortgage
Call me to get more info @ 647 982 3313
Paramjit Singh Bhatia
Mortgage Broker
Akal Mortgages Inc
Lic 10845
-----------------------------------------------
If your mortgage is coming up for renewal, you must prepare for higher rates. It is not about panicking; it’s about being prudent. Here are three strategies you can implement to get ready:
1. Take advantage of your prepayment privileges and increase your payment amount. You’ll pay down more principal and be accustomed to paying more at renewal.
2. Watch your bad debt. Be cautious about any credit card or high-interest debt.
3. If you are considering moving to a new home, get a pre-approval to protect you while shopping around. Consider not borrowing the maximum amount your lender will allow.
The best thing to do is get advice early. Reach out and I will help you determine your best personal strategies to prepare.
