Here’s some helpful ‘did you know’ questions… Enjoy!
-Did you know that a personal loan will almost always have a lower rate of interest than a credit card?
-Did you know that a line of credit rate is usually lower than a personal loan interest rate?
-Did you know that a secured line of credit rate is lower than an unsecured line of credit rate?
-Did you know that mortgage rates are lower than all other credit products?
If you are a homeowner, have non-mortgage debt, and want to pay a lower rate of interest…? Then, you should consider using the equity in your home to secure a better rate…. which ultimately means paying less interest and a lower monthly payment.
Hey, debt is debt. It doesn’t matter if it’s a visa card, a line of credit or a mortgage. You owe that money. So why not pay the lowest rate of interest possible? Sounds simple.. but Canadians have a conservative attitude towards mortgage debt that is costing most of them dearly, and making the BIG SIX BANKS $billions of profits every year.
Speak with an experienced Mortgage Broker for full review.. This could end up saving you a lot of money! And that’s one January surprise we’ll all welcome!
Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.
Steve Garganis 416 224 0114 email@example.com