Five Tips To Help You Improve Your Finances In 2020
A New Year brings another opportunity to cultivate healthy financial habits and manage your money better. When you consult a mortgage expert, you will receive unbiased advice on how to make wise investments and help set you up for the future. As a licensed mortgage broker in Calgary, Alberta, I, Keith Uthe, want to ensure you pay less interest and become more financially secure. To do so, I have put together a list of five tips to help you improve your finances in 2020.
Tip #1: Complete a review of your mortgage with me
An annual check-up on your mortgage is as important as your annual health check-up with your doctor. You could be paying thousands of dollars more in interest than you need to be. Just 5 minutes could save you $1000's in interest.
Tip #2: Complete a review of your HELOC (Home Equity Line of Credit) with me
In 5 minutes I will give you amazing insight into the unnecessary cost of interest you are paying. If you carry a balance on your HELOC, then you are throwing away thousands of dollars in additional interest costs. On a $300,000.00 HELOC balance, it will cost you about $27,000.00 in additional interest over 5 years. Isn't that money better off in your pocket?
Tip #3: Check the interest rate you are paying on your credit cards and lines of credit
Those 9.99%-27.99% credit cards and credit lines could take you a lifetime to pay off. The good news is that as a mortgage broker, I have options that we can look at as solutions to lower the interest cost, lower the payments and pay them off sooner. Did you know the projected timeline to pay off a credit card with a balance of $15,000.00 making the minimum payments is about 115 years.
Tip #4: Check your car loan or lease
Is your car loan or lease preventing you from qualifying for a mortgage? As a mortgage broker, I have access to car loan products that can improve your ability to qualify for a mortgage or increase the mortgage amount.
Tip #5: Don’t be afraid to ask for help
Sometimes we can’t see the forest through the trees and need someone else to help us through all of it. Life happens, and I am here to help you “Live a Life of Abundance.” No judgment, just solutions to move you forward.
If you want to cut back on unnecessary expenses and work towards leading a life of abundance, reach out to Keith Uthe Demystifying Mortgages. As a mortgage broker we are licensed across Canada, I can help you find mortgage solutions that ensure financial security and peace of mind. I offer professional mortgage and real estate advisory services to clients across Calgary, Alberta and Canada.