Debt Consolidation
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.
and allow us to show you how to become mortgage and debt free sooner.
Just a quick note to say Thank You for all your help and expertise during the purchase of my condo. The financial end went so smoothly thanks to you! All of your advice and direction was greatly appreciated. Kylie S.
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News Update
Highlights of B.C.'s 2012/2013 Budget
HST to PST Information Bulletin - February 21, 2012
The province will transition back to the Provincial Sales Tax (PST), which will replace the Harmonized Sales Tax (HST), on April 1, 2013. Until then, the province has announced transitional rules for new homes which take effect April 1, 2012.
Kevin Falcon announces HST transition rules for new homes.
British Columbia will return to the PST on April 1, 2013.