Our New Blog

Mounting credit card debt is a problem for many Canadians these days. If you find that you’ve been overspending, it makes sense to look into how to limit your exposure to credit card debt, and the stress that comes along with it. Here are some suggestions:

• Limit cash advances.

• Know the grace period on your credit card.

• Pay off credit card debt in full monthly to avoid high interest costs.

• Limit card usage for a specified period of time to help you reduce credit card debt.

• Make it a personal rule to spend only what you can pay off in a given month.

• Sign up for loyalty programs and make your dollar worth more.

• Make paying off debt a priority in your financial plan.

• If you find that you cannot pay down your credit card debt to your satisfaction, you may wish to consider a mortgage strategy to consolidate this debt at a lower interest rate.

About Us

We are part of Invis, Canada's largest independent mortgage brokerage firm with a national team of over 800 mortgage professionals. We provide expert, unbiased mortgage advice to first time homebuyers as well as those looking to renew or refinance their mortgage, purchase investment properties, or consolidate debts.  Contact us for more information or to review your mortgage financing needs.