Refinancing
(Debt
Consolidation)
Debt consolidation is clearly becoming advantageous to today’s consumer. With current mortgage finance rates at an all time low, more and more consumers are finding this the best way to reduce high interest loans and credit card balances.
The Mortgage Center provides full debt consolidation services through mortgage refinancing. Often the new mortgage that we arrange can save our clients up to 50% on their monthly credit bills. Our professionally trained and experienced brokers can have new financing arranged in a timely manner, thus saving you money from those high interest credit cards or finance companies.
|
Before
|
After
| ||
|
Property
Value
|
$250,000
|
Property
Value
|
$250,000
|
|
Mortgage
Balance
|
$100,000
|
Mortgage
Balance
|
$124,000
|
|
Interest
Rate
|
6.30%
|
Interest
Rate
|
4.99%
|
|
Term
|
5 Year
|
Term
|
5 Year
|
|
|
|
|
|
|
Monthly Payments
|
|
New Monthly Payments
|
|
|
Line of
Credit ($9,000)
|
$270.00
|
Line of
Credit ($0)
|
.00
|
|
Credit Cards
($5,000)
|
$250.00
|
Credit Cards
($0)
|
.00
|
|
Car Loan
($10,000)
|
$400.00
|
Car Loan
($0)
|
.00
|
|
Mortgage
|
$660.00
|
Mortgage One
Payment
|
$720.00
|
|
Total
Payments
|
$1580.00
|
Total
Savings
|
$860.00
|
Howard works for You, not the lenders
Howard Fitch - Mortgage Specialist – 519 or 866–426 - 8816
Phone 519-427-9250 (Cell) Fax 519-426-0575
hfitch@sympatico.ca
