Vancouver Mortgage Broker

When we shop the banks, you save.     Call: 604-669-6006

Refinance Strategies - One Bill, One Payment, It can Be Done!

on 24 March 2014

Shari and Greg came to us looking to lower their monthly payments, so they could invest more into their RRSP’s and their children’s’ RESP’s. We restructured all their debt to pay off their high interest rate auto loan, line of credit and credit card balances.

Shari and Greg are now debt free, with the exception of their mortgage, and using the $925 per month difference to invest in their family’s future.

Shari and Greg’s Financial Scenario:

Example of a CURRENT CLIENT SCENARIO

NEW & IMPROVED SITUATION

BALANCE

PAYMENT

 

BALANCE

PAYMENT

Mortgage (4.5% interest rate)

$250,000

$1315

Mortgage (3.19% interest rate over 25yr amortization)**

$293,000

$1415

Auto Loan 8%

$19,500

$450

Auto Loan

Paid Off

--

Department Store Credit Card 21%

$4,500

$155

Department Store Credit Card

Paid Off

--

Unsecured Line of Credit 8.25%

$7,500

$225

Line of Credit

Paid Off

--

Visa Card 18%

$6,500

$195

Visa Card

Paid Off

--

Penalty to Break Mortgage – if any

$5000

 

Penalty to Break Mortgage

Paid Off

--

Total Balance & Payments

$293,000

$2340

Total Balance & Payments

$293,000

$1415

 

Total Monthly Savings of $925 per Month!

Let us review your financial situation and determine if there is an opportunity to increase your monthly cash flow or reduce your monthly expenses. Whether you locked in a year ago, or are close to renewing, we will calculate how much interest you can potentially save, or whether it makes sense to pay your penalty now and secure a new term.

Take advantage of current low interest rates and consider consolidating more than your mortgage – credit cards, loans, lines of credits, (the average Canadian pays 19% interest per annum for credit cards alone), your car, or home improvements. By consolidating all your current borrowings, you will benefit from today’ low rates.

Call today and our team can look at all of your options and help you make a great decision!

Vancouver Mortgage Brokers 988 Beach Ave, Vancouver BC
604-669-6006

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604-536-3802

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1-800-687-9020