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You can use your mortgage to help manage your debt Load.
Consider this example – Your existing mortgage, Car loan and credit cards total $274,500.00. By rolling the entire amount into a new mortgage of $280,000.00 (including fee to break existing mortgage) just look how much you can save….
Just think of the difference that kind of savings per month could make in your life. You could invest in RRSP’s and save on taxes; save for your children’s education, or make that special purchase that was just out of reach.
By using the equity in your home to consolidate your high-
Call Secure Mortgage today to arrange a no obligation, free consultation with one of our experienced Mortgage Consultants and let your home equity help provide the funds you need!
|
Total Owed |
Current Payments |
New Payment |
Mortgage |
$225,000.00 |
$1,418.00 |
$1,221.89 |
Car Loan |
26,000.00 |
492.00 |
0 |
Credit Cards |
23,500.00 |
705.00 |
0 |
Total |
$274,500.00 |
$2,615.00 |
$1,221.89 |
* YOU SAVE $1,393.11 PER MONTH! |
* Example based on a current mortgage at 4.5% with a 20 year amortization. New mortgage is based on a rate of 3.29% a five year term with a 30 year amortization. Credit card payments are based on 3% of outstanding balances. OAC. Subject to change. For illustration purposes only.
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