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Tuesday, January 24, 2012

February is Mortgage Health Month!

Stick out your mortgage paperwork and say, “Ahhh!” It’s time for your annual mortgage health check up. Mortgage experts agree that if you make time for a quick review at the beginning of each year, it may yield you some fruitful financial savings.

Your 2012 home loan review should examine the most common potential monthly savings opportunities, including high-interest credit card debt or fixed loan payments.  Perhaps your home is financed through a first and second mortgage?  If so, reviewing your options to combine the two could result in having more money left over at the end of each month.

With interest rates near historic 40-year lows, now is the time to investigate all your options and perhaps save yourself thousands of dollars per year! Imagine what you could do with the savings – anything from renovating or investing to going on a much-needed vacation or putting money towards your children’s education.

Additionally, no review would be complete without examining your options for mortgage insurance and whether you really have the protection your family deserves. Many mortgage brokers also offer mortgage protection plans, and can make recommendations that will protect you and your loved ones now and into the future.         

Completing a straightforward review with a qualified mortgage professional will keep your home financing as lean and trim as possible. In other words, you will have a clean bill of mortgage health, which is just what the doctor ordered!

If you’d like a mortgage health check, call a Dominion Lending Centres mortgage professional today to take care of all your financing needs.

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