Like many Calgarians, Dominion Lending Centres Westcor’s office was flooded and some of our team member’s homes have suffered water damage as well. We, like all strong Albertans, are picking up the pieces and we hope we can be of help to any of you who also need assistance.
Many of you are now in need of home repairs and renovations, but may be tapped out financially. We want to help. Dominion Lending Centres is the largest mortgage company in Canada. We look at every rate from every major financial institution in Canada every day, and we try to follow trends very closely. One thing for certain is that rates will definitely be going up.
Due to the current low rates, it may be really worthwhile to have a quick look at your existing mortgage to see if it makes sense to refinance early. We’re finding that even when there is a penalty for paying out early, we can often add the penalty into the new mortgage, lower your monthly payment and save you thousands of dollars in interest over the term of the mortgage. This could be your solution for freeing cash for home renovations and other damage repairs.
Most consumer debt is at a much higher interest rate, so we can probably consolidate your mortgage and all additional debt into a single monthly payment. Why make several different payments each month and throw away tons of money in unnecessary interest when current rates are this good?
All of this comes at a stressful time for everyone. But probably, we can save you money, lower your overall costs per month, find you some cash for home renovations, and make life a little easier as you move forward.
Good luck, and let us know how we can help!