On the occasion of World Savings Day, our mortgage broker Véronique Caron was invited to the program À vos affaires on LCN to discuss a topic that affects many homeowners: how to better use your mortgage to improve your financial situation.
A Key Moment to Review Your Financial Strategy
Selon un récent sondage mené par Multi-Prêts auprès de 150 courtiers, 84 % d’entre eux estiment que moins d’un client sur deux comprend bien les produits hypothécaires disponibles. Pour Véronique Caron, ce constat s’explique notamment par la façon dont plusieurs personnes renouvellent leur prêt : elles reçoivent leur offre de renouvellement et signent souvent sans trop se questionner.
Chez Multi-Prêts, on prend plutôt le temps d’expliquer en détail les modalités du prêt, les paiements, les pénalités et les conditions, afin que chaque client comprenne bien son engagement.
Un moment clé pour revoir sa stratégie financière
With the rising cost of living and volatile interest rates, a mortgage renewal is an excellent opportunity to reassess your financial strategy. As Véronique Caron points out, when your mortgage term comes to an end, it is the ideal time to ask the right questions: Do I need access to cash? Should I consolidate certain debts? Could I use my home equity to invest or prepare for retirement?
She also notes that simple adjustments, such as extending the amortization or setting up accelerated payments, can help better balance a household budget based on priorities and individual circumstances.
Personalized Guidance, Well Before Renewal
At Multi-Prêts, discussions begin well before the renewal date. Typically, we reach out to our clients about six months before their renewal to review their situation: debts, projects, retirement plans, renovation needs, and more. The goal is to develop a mortgage strategy tailored to their reality.
Every financial situation is unique, and so are the solutions. Whether you want to lower your payments, consolidate debt, or free up funds for a project or savings, a Multi-Prêts mortgage broker can help you find the approach best suited to your needs.