Blog
Tuesday
13
FEBRUARY
2018
Winnipeg Mortgage Brokers - Is it time for a Mortgage Check Up?
The new year is a time for making personal resolutions, writing
business plans, evaluating your involvement in memberships and affiliations,
and getting back on track with health and fitness. It is also a great time to
book a mortgage checkup, and make sure your mortgage is working for you the way
it should be.
How do you know if a mortgage checkup will benefit you? Here are
a few questions to ask yourself. If one or more apply to you, then it’s time to
book an appointment with your mortgage professional: In 2018, you have the benefit
of choice. Even if you’ve had a long-term relationship with a financial
institution, seek others, get more opinions and be open to other options. Get
good advice from someone you like and trust.
Look ahead and start early. For a
free, no obligation mortgage checkup, please contact one of our experienced
Winnipeg mortgage brokers by phone at 204-954-7620 or email at save@onelinkmortgage.com.
In our
constantly changing mortgage environment, earlier contact & regular communication
is always better. Keep your mortgage
professional up to date on your current situation and plans moving forward so
she/he can work ahead and ensure you are in the best situation for your next
mortgage term.
Fully underwritten mortgage
pre-approvals with interest rate holds are more important than ever when
considering a new purchase this year, even for well qualified applicants.
Cash savings, secured or unsecured lines
of credit, mortgage refinance, personal loan - your mortgage professional can
advise your best, lowest cost options.
An annual
mortgage review can track your progress and encourage you to make small changes
that can save thousands of dollars. Your
mortgage professional can play an integral part in your plan to pay off your
mortgage.
A review of your assets, debt, costs and cash flow can allow
your mortgage professional to help with a plan to pay down debt and reduce
costs with manageable monthly cash flow.
Your current mortgage may no longer be
the best fit if you’ve experienced a major life change. Even if your mortgage
is still mid-term and not up for renewal, you’ll benefit from a visit with your
mortgage professional to update your details, discuss options and formulate a
plan moving forward.
Your mortgage professional can compare
the costs of your current mortgage with what is available today (even mid
mortgage term) and advise if it’s in your best interest to make changes. She/he
can also provide peace of mind when you are currently in the best, lowest cost
product in the market.
If you are in a variable rate mortgage product, it’s important
to keep in touch with your mortgage professional on a regular basis and have a
plan moving forward in the event of rising mortgage rates.
A
review of your assets and debts can allow your mortgage professional to help
with a plan to ensure your monthly cash flow is manageable.