Refinancing provides many options

You've heard it before and we will hear it again: there is no time like the present to refinance your home!

In these economic times the opportunities to turn that equity in your home into that project you have been talking about can be made a reality. Whether this is a renovation on your home, purchasing a revenue property or a child’s education we can help you put the wheels in motion. The government has announced the Renovation Tax credit which allows you up to $1350.00 in tax savings and we are seeing a slowing in the construction trades so that new kitchen is only a few steps away.

Refinancing offers a number of benefits that can also change your cash flow and make your life easier and more enjoyable! It can:

  • Put extra cash in your pocket now by generating a lower monthly payment

  • Save you thousands of dollars over the life of the loan, due to a likely decrease in your interest rate

  • Often allow for a shorter term, if that's what you desire - which means that you'll be paying less toward interest, and more toward principal (and sometimes, you can still receive a lower monthly payment).

    It's time to seize the day, and to start putting your hard-earned money to good use by refinancing your home.

    Call your mortgage professional today so that they can discuss your refinancing options. You have nothing to lose, and everything to gain!

    This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.

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    About the Author

    Tracy Head and Laurie Baird help busy families find mortgage solutions. Together they have more than 45 years of experience in the mortgage industry.

    With today’s increasingly complicated mortgage rules, Tracy and Laurie spend time getting to know the people they work with and help them to better understand the mortgage process. They support their clients before, during, and after their mortgage is in place.

    Tracy and Laurie work closely with their clients, offering advice and options. With access to more than 40 different lenders, Tracy and Laurie are able to assist with residential, commercial, and reverse mortgages in order to match the needs of their clients with the right mortgage package.

    They work closely with their clients to find the right fit, and are around to provide support for years down the road!

    Contact them at 250-862-1806 or visit www.okanaganmortgages.com

    Visit their blog at www.okanaganmortgages.com/blog


    The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

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