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Consolidating Your Debt

December 30th, 2009 No comments

With Christmas behind us and the New Year fast approaching it is important to take a step back and re-work our finances for the upcoming year. Having a plan that is simple and manageable for you and your family can make or break the coming year, as well as reduce some of the looming headaches.

Visit http://www.budgeting101.ca/ for an easy to use chart that will breakdown your spending into categories and show you which areas you may need to decrease spending. Another option available is debt consolidation through refinancing your mortgage. This may be a viable option for you if you currently have equity in your home. Home equity is the difference between the home’s fair market value and the outstanding balance of all liens (mortgages or LOC’s) on the property.
Refinancing your mortgage can be simple and save you from paying high interest rates on your credit cards.  You want to make sure it is in your best interest as there are costs (lawyer’s fees) that may be encountered. Speak to an agent at Verico Designer Mortgages at 1.877.827.8057 for a breakdown of the amount available to you and the costs associated in order to determine your best financial move.

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