We all know that we have faced a challenging year that none of us could have predicted. The outlook from well-known Chief Economist Benjamin Tal, "the next six months will be more difficult economically than the past quarter, but the Canadian housing market is expected to continue its V-shaped recovery.” Now it's time to put the pieces back together.
With the holiday season rapidly approaching and winter ahead, we want to provide you with some options on how you can maximize your holiday spending and meet current financial needs while continuing positive growth in your financial life. Especially if you are a homeowner or planning to become one soon.
In March, fears over the COVID-19 pandemic and the subsequent lockdown most banks and other mortgage lenders cut their fixed rates from 3.95% to 2.45%. At the same time, variable-rate discounts were scaled back to just prime – 0.15% to 0.25%. By the summer fixed rates were setting historic lows. That led to a dramatic shift in mortgage selection by borrowers.
To ensure you have your financial house in order, now is a great time to do a financial checkup and take a look at your goals for now and the future. At Blue Pearl Mortgage, we have many financial products that can assist you in reaching your goals.
Here are some options to help you:
Sometimes a small expense can become a big expense especially if it’s unexpected and you don’t have cash on hand to cover the cost. Do you need some short-term cash to assist with the holidays? Maybe shave off some credit card debt? We’ve all been there — a surprise vet bill, a car repair or a busted pipe in your home, to name a few instances. The situation might not require a large sum of cash to fix, but if it’s more than you have on hand, you might need to borrow money to make up for the shortfall.
Our Quick Loan program provides you with a fast, short-term unsecured loan of up to $3,000 with no credit check. This can help your cash flow when you have an emergency or other situation where you find yourself strapped for cash. Just three quick simple steps to $3,000. Learn more and apply here.
One of the best ways to gain solid financial footing is to decrease your outstanding high-interest debts, such as credit cards, car loans and other high-interest loans, into one lower monthly payment. This can help to get rid of your debt in a timely manner and increase your cash flow.
Click here to learn more about debt consolidation.
55 is the new 35! Are you 55 and older? Do you want to continue to live your best life on your terms? Fear not, if you are a homeowner who is 55 and over, a CHIP Reverse Mortgage could be just what you need. It’s the simple and sensible way to unlock the value in your home and turn it into cash to help you enjoy life on your terms.
Click here to learn more and download our free Chip Reverse Mortgage e-book.
No matter where you are in your financial planning, we are here to help you provide in-depth analysis and options of your financial plan including setting up short and long-term goals. We will then guide you through the process.
Let’s setup an appointment to figure out your financial plan and kickoff the new year on the right path.