Debt can pile up quickly if you’re not careful and there are many reasonable explanations for it. Struggling to reduce debt is not uncommon for many living in London, Ontario. The stigma associated with debt is obviously perpetuated by those who have been privileged enough to have never had to worry about it. The reality is most people live paycheque-to-paycheque. Unexpected events happen; like death, job loss, car accidents, car problems, having to move unexpectedly, having a baby, and many more. The list is exhaustive and worse, no one is immune.

The Quicker You Can Take Control the Better!

So, when you find yourself heading towards debt trouble, the quicker you can take control the better! Many people take advantage of mortgage refinancing to reduce debt, pay off bills as a quick way to start fresh with an even playing field, financially speaking.

Mortgage refinancing, simply explained is where you stop your present mortgage to begin a new one. This can be done with the same mortgage company, or with a completely new one. It’s quite common for people to refinance their mortgage to pay for renovations or repairs on their home, as well as to reduce debt. Mortgage refinancing allows you to:

• Free up cash - in some cases up to 80% of the value of your home,
• Get a lower interest rate – which could potentially amount to big savings every month, and;
• Have the opportunity to switch interest type if it makes sense in the current economic climate - fixed vs. variable

And, if you shop smart for the mortgage company you choose, you could even earn cashback!

Shop2Save Can Help Reduce Debt in London, Ontario by Connecting Members to the Leading Mortgage Company in Canada

To expand, there is a popular shopping discount platform online called Shop2Save that connects their members with top names in industries such as home insurance, auto insurance, real estate transactions and mortgage financing. For mortgages, Shop2Save services their members with Dominion Lending Centres, the leading mortgage company in Canada. Members are then rewarded with real cashback rewards dollars when they arrange a product or service through the Shop2Save association.

Shop2save members have access to crowd-based discounts, which use the buying power from their large member base to procure sales prices that were once only available to large retail stores. Membership is always free, as again their ability to get amazing prices comes from the crowd. Shop2Save also offers big cashback rewards when members shop through the site. For every dollar generated by members 45% cashback is deposited into their online e-wallet. Further, it is part of Shop2Save’s main mission statement to give back to those that need it the most and as such, 5% of every dollar generated by members shopping goes to children’s hospitals all across Canada like the one in London: Children’s Hospital London Health Sciences Centre.

So, if you find yourself in a situation where you need to quickly reduce debt in London, Ontario and get rewarded for taking the path to sound financial footing visit Shop2Save today.