You have bills to pay.
If anything goes wrong with either of the cars this winter, it could lead to a financial catastrophe.
Although the LENDERS may work with you to let you catch up...
They may not renew you at the next renewal period because of chronic arrears. (You are constantly behind).
You need some independent Financial Advice from a licensed and seasoned mortgage professionals.
BUT let's look at all the variables;
- Interest Rate on Renewal
- Higher Interest Balances on Revolving Debt
- Taxes on House and Notice of Assessment
- Consolidation
- Legal Fees and Discharge Penalties
With a refinance program, additional High interest rate debt can be included and re amortized with the mortgage balance to save your monthly cash flow; yet save you money per year on the Total interest payments made.
Interested?
Serving the #Toronto #Mississauga and Southern Ontario mortgage markets.
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