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Once a Year, Consider Your Property's Potential

Friday, March 9, 2018   /   by Ruth Ballantyne

Once a Year, Consider Your Property's Potential

Once a Year, Consider Your Property's Potential

Assuming that at each renewal, a homeowner's mortgage would be less than it was in the previous term, homeowners can look forward to eventually improving their monthly cash flow. In addition to a small mortgage, some may also enjoy the benefit of additional home equity if the property's market value has increased since it was first purchased.

If these factors are working in your favour, it could be a good time to think about your options. For example, you could consider increasing your monthly payments and shortening the amortization period for your remaining mortgage. Alternatively, you might consider upsizing to a more accommodating home, or downsizing and benefitting from more affordable monthly costs (mortgage, condo, fees, etc.) and fewer responsibilities.


If you're looking for financial opportunities, another option might be to examine the income-earning potential of a second property that could provide you with stable monthly return on your investment. If now is the time to consider how you may capitalize on your property's potential, let's meet to discuss the best options for you. We can start with a candid evaluation of today's market and your property, and then consider the factors that might affect values in the short and long term.

Call me at 416-779-8732

**Information provided by Morris Marketing**

www.homeevaluationsite.com

Ballantyne Professionals | RE/MAX Realty Services Inc.
Ruth Ballantyne
295 Queen Street E
Brampton, ON L6W 3R1
905-456-1000

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2021 Last Updated June 16, 2021
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