An annual mortgage review can be a smart financial move!
It is good to ask a mortgage financing professional to take a look at your mortgage each year. Life changes, your mortgage needs may have changed too. You must ensure that :
- you exercise your right to prepay in order to maximize the reduction of the principal of your mortgage;
- high-interest debts are transferred to a loan at a lower rate to increase your liquidity and save on interest charges (if the home's equity is sufficient);
- you review your options with a professional if your mortgage is due to be renewed within the next twelve months; and
- you have access to the cheapest funds to renovate, pay for education, buy a vacation home or an investment property, or cover other imminent major expenses.
We can tailor your mortgage to your changing needs as well as to your projects. Make the most of the best asset in your budget. Schedule your mortgage review with no obligation and ensure that your mortgage will allow you to weather any eventuality. This could pay off big, and it’s the best way to achieve your financial goals!
The information in this article is for general purposes only and may not reflect current laws or regulations. Verify any details with a qualified professional before making decisions. Some portions may have been created with AI assistance and should be confirmed for accuracy.