Are you finding that your monthly bills are becoming overwhelming and unmanageable? Maybe your credit card balances are nearing their limit and the monthly interest is eating too much of your budget. Whatever the case may be, sometimes it’s necessary to look at ways to reduce your monthly overhead and if you are a homeowner, refinancing your mortgage for debt consolidation may be the perfect solution.
If you are a homeowner, you know that your mortgage payments are one of your largest expenses. That’s why it’s important when your mortgage is up for renewal that you make sure you are doing what’s best for you and your financial well-being. Many Canadians simply opt-in for an automatic renewal of their mortgage but did you know that by shopping around you could save yourself thousands of dollars just by looking at all of your options?