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Revisiting Your Mortgage Contract Each Year Should Be Standard Practice - For Investment Sake
One of the most crucial advantages of having access to the lending market, which includes over thirty mortgage lenders, is the ability to consult rates at any given time to help my clients maximize their savings.
Real Estate is considered an asset class. In fact, in Canada, 80% of the population’s total assets are held in property ownership. This tells us that owning real estate has significant benefits, including the ability to outperform the market and help people accumulate wealth rapidly. It’s also effortless not only get into real estate because you can raise money to buy properties with mortgage funding but also, understand the concepts surrounding making money with it.
The other 20% (a much smaller percentage) of Canadian assets are stocks, bonds and alternative forms of investments. How ironic it is that most investors in stocks or bonds will watch their shares daily and consult their financial planners almost yearly to inspect their securities list to ensure its performance is the best it can be and yet, very few people watch their mortgage debt in the same way.
If you are purchasing property to yield profit each year from your initial investment and cash flow monthly, then how much you pay on the debt you leveraged is as much as part of this equation as the property value itself.
The market changes affect interest rates, which affect how much you pay. If mortgage rates go down as they have been doing in the last decade, you are permanently losing your profits because you could be paying less to the bank and making more from your investment.
Real Estate is considered an asset class. In fact, in Canada, 80% of the population’s total assets are held in property ownership. This tells us that owning real estate has significant benefits, including the ability to outperform the market and help people accumulate wealth rapidly. It’s also effortless not only get into real estate because you can raise money to buy properties with mortgage funding but also, understand the concepts surrounding making money with it.
The other 20% (a much smaller percentage) of Canadian assets are stocks, bonds and alternative forms of investments. How ironic it is that most investors in stocks or bonds will watch their shares daily and consult their financial planners almost yearly to inspect their securities list to ensure its performance is the best it can be and yet, very few people watch their mortgage debt in the same way.
If you are purchasing property to yield profit each year from your initial investment and cash flow monthly, then how much you pay on the debt you leveraged is as much as part of this equation as the property value itself.
The market changes affect interest rates, which affect how much you pay. If mortgage rates go down as they have been doing in the last decade, you are permanently losing your profits because you could be paying less to the bank and making more from your investment.
ABOUT SARAH
OWNER/MORTGAGE AGENT
MORTGAGE EDGE, FSCO BROKER 10680
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Sarah Colucci has invested over a decade of her professional career in real estate and mortgage origination. Sarah manages a boutique mortgage office that combines honesty, integrity, and transparency to achieve the best results for her clients.
She believes that if borrowers have access to a high degree of mortgage products from a host of lenders, they can ultimately position themselves to save the most amount of money on their mortgage. Sarah ensures that her understanding of mortgage products, lender policies, and borrower options exceed the status quo. This method of mortgage brokering guarantees delivery of only the most exceptional solutions for her clients. In conclusion, Sarah's ultimate objective is to deliver winning ideas, strategies and visions that build robust relationships that last a lifetime. |
What Does It Mean To Be An Intelligent Borrower?
The first place most people go to apply for a mortgage is where they complete their daily banking. Whether they believe they will be offered a discount because of their longstanding loyalty or that their financial institution is somehow safer than the rest are both misperceptions that can cost them money.
For a borrower to ensure they have received the best mortgage deal, they must consult the mortgage market for the market does not lie. As a boutique mortgage brokerage, we specialize in providing borrowers access to the lending market, helping them compare lenders and products and picking the best choice for their circumstances.
Therefore, an Intelligent Borrower understands that to maximize savings and pay less interest on his or her most significant investment, he or she must consult multiple lending sources and borrow wisely.
For a borrower to ensure they have received the best mortgage deal, they must consult the mortgage market for the market does not lie. As a boutique mortgage brokerage, we specialize in providing borrowers access to the lending market, helping them compare lenders and products and picking the best choice for their circumstances.
Therefore, an Intelligent Borrower understands that to maximize savings and pay less interest on his or her most significant investment, he or she must consult multiple lending sources and borrow wisely.
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