Your Mortgage Broker In Calgary: Setting Your Goals For Debt Relief
As a renter, your monthly payments provide financial security to someone elseyour landlord. However as a homeowner, those payments build equity in your home and provide financial security for both you and your family. Getting out of debt is an important part of your financial security, and by working with a mortgage broker, Calgary renters get back on-track to becoming homeowners, and current homeowners become more credit-worthy and able to refinance at a lower interest rate.
In this post created by mortgages by Candice, we encourage everyone to set goals for debt relief.
Getting Back On-Track in a Recovering Economy
Now is the time to take a look at your finances and develop realistic plans that include practical, attainable goals. Although new rules mean some borrowers may experience difficulty getting a mortgage approved, buyers who work with a mortgage broker in Calgary find great options!
Nine Tips for Debt Relief
By examining your credit card and bank and statements and categorizing what you spend, you can identify ways to reduce spending and save for your down payment.
1.Pay off and close individual retail credit cards as the rates are usually high, and try to keep any remaining credit card balances 30% below your limit.
2.Prioritize your credit cards by interest rate, and pay off your balances with the highest rates first.
3.Pay every bill on time, even your cell phone. Lenders look favorably on applicants with a history of paying on time.
4.If you already have a mortgage, consolidating debt can save you money. If you have high-interest credit balances that you wont be able to pay off in the near future, speak with your mortgage broker Calgary.
5.If you plan to live in your home for less than ten years, refinancing with an adjustable rate mortgage may be a good option.
6.For first-time home buyers and those refinancing, get per-approval and lock in to a low interest rate.
7.Whenever you get a raise, bonus or tax refund, use the extra to pay down your mortgage to reduce your principal faster.
8.Renovations add value to your home and refinancing can make a new master bathroom or upgraded kitchen an affordable option. Now is the time to discuss refinancing with a broker and refinance while rates remain low.
9.Use a bi-weekly payment schedule to reduce your principal faster and pay less interest.
Gain Access to Multiple Lenders & More Options with a Mortgage Broker Calgary
Of course, one of the first things a lender will consider is your credit-worthiness. However, a less-than-perfect credit score doesn't necessarily mean disqualification from financing a home. Especially if youve been turned down by a bank, speak to professional mortgage broker. Calgary renters and current homeowners with unique circumstances can gain access to multiple lenders with different requirements.
Youre Mortgage Broker Calgary: Candice Light
If purchasing a home has always seemed just out of reach, Mortgages by Candice will assist you in planning your per-approval process. If you already own a home and need better terms or a lower rate, we will assist you with refinance options.
Candice is your mortgage broker in Calgary who works with people every day on setting goals for debt relief. She will assist you in creating a plan to get your finances in order. Please Contact Mortgages by Candice today!
In this post created by mortgages by Candice, we encourage everyone to set goals for debt relief.
Getting Back On-Track in a Recovering Economy
Now is the time to take a look at your finances and develop realistic plans that include practical, attainable goals. Although new rules mean some borrowers may experience difficulty getting a mortgage approved, buyers who work with a mortgage broker in Calgary find great options!
Nine Tips for Debt Relief
By examining your credit card and bank and statements and categorizing what you spend, you can identify ways to reduce spending and save for your down payment.
1.Pay off and close individual retail credit cards as the rates are usually high, and try to keep any remaining credit card balances 30% below your limit.
2.Prioritize your credit cards by interest rate, and pay off your balances with the highest rates first.
3.Pay every bill on time, even your cell phone. Lenders look favorably on applicants with a history of paying on time.
4.If you already have a mortgage, consolidating debt can save you money. If you have high-interest credit balances that you wont be able to pay off in the near future, speak with your mortgage broker Calgary.
5.If you plan to live in your home for less than ten years, refinancing with an adjustable rate mortgage may be a good option.
6.For first-time home buyers and those refinancing, get per-approval and lock in to a low interest rate.
7.Whenever you get a raise, bonus or tax refund, use the extra to pay down your mortgage to reduce your principal faster.
8.Renovations add value to your home and refinancing can make a new master bathroom or upgraded kitchen an affordable option. Now is the time to discuss refinancing with a broker and refinance while rates remain low.
9.Use a bi-weekly payment schedule to reduce your principal faster and pay less interest.
Gain Access to Multiple Lenders & More Options with a Mortgage Broker Calgary
Of course, one of the first things a lender will consider is your credit-worthiness. However, a less-than-perfect credit score doesn't necessarily mean disqualification from financing a home. Especially if youve been turned down by a bank, speak to professional mortgage broker. Calgary renters and current homeowners with unique circumstances can gain access to multiple lenders with different requirements.
Youre Mortgage Broker Calgary: Candice Light
If purchasing a home has always seemed just out of reach, Mortgages by Candice will assist you in planning your per-approval process. If you already own a home and need better terms or a lower rate, we will assist you with refinance options.
Candice is your mortgage broker in Calgary who works with people every day on setting goals for debt relief. She will assist you in creating a plan to get your finances in order. Please Contact Mortgages by Candice today!