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Archive for the ‘Debt Consolidation / Refinance’ Category

Feeling Overwhelmed by Debt?

Wednesday, March 3rd, 2010

Are you feeling overwhelmed by debt? Struggling each month to meet your minimum payments?

See the demonstration below…………many people really benefit from Refinancing to pay off some of their high interest debts, and rolling everything into one payment.

How much could you save???

Imagine what you could do with an extra $1000 + per month!

Refinance Demonstration:
Debt Amount Monthly Payment Interest Rate
current situation:
Mortgage $ 155,000 $ 946 5.50%
Car Loan $ 20,000 $ 396 7.00%
Credit Cards $ 20,000 $ 524 19.50%
Total $ 195,000 $ 1,866
proposed refinance:
New Mortgage $ 202,000 $ 930 4.29%
Car Loan paid off zero n/a
Credit Cards paid off zero n/a
total mnthly pmt $ 202,000 $ 930
MONTHLY SAVINGS $ 936
OVER THE TERM (5YR) $ 56,160
includes a $7,000 fee to break the old mortgage, apprisal, and legal fees may be additional
all figures and rates are hypothetical and subject to change. OAC.

FOR A FREE, NO OBLIGATION ASSESSMENT, USE THE confidential CONTACT FORM BELOW AND one of our Mortgage Agents will get in touch with you within 24 hours to see how much YOU may qualify to SAVE! or email mortgages@dropmyrate.ca