Go Debt Free in 2020!

Recent studies have shown that Canadians are struggling with more debt than ever before. If you are feeling the pinch, and you own your own home, you may be in a unique position to move into the new year bad debt free.

You may have heard the terms good debt and bad debt. Bad debt is high interest credit card and consumer debt. Good debt is lower interest debt that can be used to increase your overall net worth. Your mortgage is considered good debt.  So, it makes sense to get rid of some of that bad debt and reduce the interest rate by rolling it into good debt. 

At The Mortgage Centre Hometown Financial, we regularly help our clients get out from under crippling debt by refinancing their mortgages.  In fact, it is not unusual for clients to save between three and five thousand dollars a month. 

Imagine being free of high interest credit card debt and having extra money left over at the end of the month!  What would you do with $3000-$5000 extra every month?

It's true that not everyone can completely eliminate their bad debts but many people can. Why not resolve to become free of bad debt in 2020!  Call me today at 705-734-6804 to start the process.