Cash is King

Cash is King! I am sure we have all heard this saying before and it means more than it ever has.

Now is time to get your financial house in order.

When you look at your personal finances, are you carrying credit debt? Credit card debt can be the hardest debt to pay off especially if you are only ever paying the minimum required.

The easiest way to consolidate this debt into the lowest interest rate is by paying it off with the equity of your home.

How do I do this?

In Canada, we are allowed to refinance your property up to 80% of the value. This means, if you are sitting on some equity in your property…. you can refinance your existing mortgage plus pay off any credit cards/lines into your mortgage.

Some clients even pay off their car loan with their equity to increase their cashflow and to lower the interest amount paid.

You can also pull out additional funds to just keep aside for a rainy day.

If you are carrying high interest credit card debt you just can’t seem to get pay off, contact me and we can run the numbers together to determine what makes the most sense for you!