Managing debt can be a tricky endeavor and a sometimes stressful task, especially when you add in the newly acquired holiday debt. Putting in place a plan to consolidate these debts, lower interest and improve your overall cash-flow can save you loads of stress, time and money, leaving you with more of the latter two to use on the things and people you love.
Every year we get an influx of clients looking to re-finance after the holidays to consolidate the debts they have built up once they see those credit card statements from Christmas. Why not play it smart and get ahead of the pack this year?
DON’T WAIT FOR RATES TO GO UP!
If you feel you are getting to the point where a debt consolidation loan may be the right move for you, then do yourself a favour and get the process started now. If you apply now there are 2 major benefits (among the several others):
Your loan will be ready to close early in the new year so you don’t have to wait another month after you really need it.
You avoid any interest rate increases. If rates go up after the holidays (which is quite likely) but you get your approval now, then you are protected from those increases. If you wait like most people when the demand becomes high, there is a good chance you will be paying a higher rate.
If you have been thinking about re-financing or planning to purchase in the next few months, don’t wait anymore. It could cost you! Call or email us this week to see what you would qualify for:
- Lower your current rate
- Pay off Credit card debts
- Renovate your house and increase the value
- Get ready for big holiday expenses
Check out these potential savings:
|Credit Card Interest/mnth
*O.A.C. Clients must qualify. Rates are subject to change. Figures above are meant to be estimates for example purposes only, not to be used as a payment structure or proposal of any kind.
Remember, there are always options for you to help improve your situation. If you find that you are in a situation where you are paying high rate credit cards and feel like you are making no progress at all, talk to us to see if you have alternatives and how to get started. Furthermore, if you are stuck in a high interest first mortgage of over 3.00%, you may want to look at the possibility of a re-finance to see if you could be saving money.
We hope everyone has a great end to their holidays and a very Happy New Year!
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