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2022 threw homeowners for a loop. Start this year right with a mortgage checkup in Elliot Lake.

If you’re not in contact with an expert mortgage broker, you should be. Here’s why.

Last year our nation rocketed from the lowest mortgage benchmark rates to the highest since 2007, which means that 2023 is already shaping up to be a year of lower home affordability. 

Out of all your New Year’s Resolutions (and even if you don’t believe in them) — giving your mortgage a ‘physical’ now can help you hit the reset button. You’ll likely save money and stress, while preparing to be budget-healthier for the upcoming year. 

The best way to do that? You could go to your bank, but it means you’ll get narrow advice limited to their products. 

Instead, talk to one of the highly trained brokers at True North Mortgage. They have access to several lenders and thousands of products. And they already have a mortgage checkup form to help you get started. 

Here are True North’s 7 great reasons to do a mortgage checkup: 

1. Re-examine your rate 

2. Free up some cash 

3. Get back into shape (debt-wise, that is) 

4. Make improvements by accessing home equity 

5. Get a new lease on life by paying off your mortgage faster 

6. Improve flexibility (in your mortgage conditions) 

7. Considering a lifestyle change? Get pre-qualified to know your numbers 

Free mortgage checkup service 

It doesn’t matter whether you’re thinking of buying a home, if you’re a current True North client, or if you have questions about your mortgage with any lender. True North’s mortgage service is free, and their great advice comes with no obligation. 

Is your mortgage balance in declining health? 

If you have a fixed-payment, variable-rate mortgage with a big bank, you may be worried about your trigger rate or trigger point and what that means for your loan amount. A True North broker can walk you through your amortization, payment, and balance details and offer options to get your numbers back in line or switch to a product that may help reduce stress at renewal time. 

The time is now: take a quick pulse on your mortgage. 

It only takes a few minutes to see if you’re saving all you can, which options you may have to pay it down faster, or other ways to lower your payments. Worried about your renewal? Ask now, to be prepared for later. 

Plus, ensuring you have your best rate and most flexible mortgage product — and an expert broker in your corner — is a fantastic way to start a year that already looks uncertain for where mortgage rates and home prices may be going. 

A friendly, expert True North Mortgage broker is standing by to help, anywhere you are in Canada — online, over the phone, through their chat, or at one of their stores. They’re Canada's No. 1 Mortgage Broker, and they’ll take great care of you.