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 RISING WOMEN EXPERTS... Given all of the uncertainty in the global economy, what advice would
you give to the average Canadian regarding their financial situation?
By Kim Turner of Invis
We are living in a world that has changed drastically in a very short
period of time. What started out as a “made in America” problem, the sub
prime mortgage crisis, has rapidly and radically evolved into a global
economic crisis. No longer is it just banks on Wall Street failing at an
alarming rate, it is now countries that are failing. The International
Monetary Fund (IMF) has come to the rescue of Iceland, Ukraine, Hungry and
Pakistan.
We are fortunate to be living in the best city, in the best province, in the
best country in the world to weather this deepening economic crisis. Don’t
be fooled into a false sense of security though. We will feel the effects of
a slowing economy. Some will be impacted more then others. Those who take
control and seek out advice and support from professionals will be in a
better position than those who choose to do nothing and therefore relinquish
control of their financial well-being.
The deepening worldwide recession should be a major wake up call to
everyone. It is time to examine how well prepared you are to survive the
changing economic times. Now is the time to consult an Accredited Mortgage
Professional (AMP) and take advantage of the current low interest rates.
Canadian mortgage lenders are still approving mortgage applications for
purchases, refinances and renewals for salaried and self-employed
individuals. All lenders are tightening up on their requirements and all are
requesting increased documentation to support credit applications. Policies
and procedures are changing constantly in response to the ever changing
global financial environment.
Now is also the time to consolidate your debts. Refinancing your current
mortgage and using the equity to pay off outstanding loans, lines of credit
and credit cards can save you thousands of dollars and preserve your credit
rating. Debt consolidation allows you to take control of your cash flow and
redirect funds to savings, investments and paying down your mortgage.
The world has changed and no one knows how long or how deep this recession
will be. It is time to examine how well prepared you are to survive the
changing times. Each of us has the opportunity to build a better world for
ourselves from this point forward. Can you do it alone?
For a free consultation & to find out how much money you can save on
your mortgage, call Kim Turner, AMP, Invis at 403.560.2247 or
kimturner@invis.ca
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