If the date you signed your mortgage documents was the last time you thought about your mortgage you are probably due for a review.


Your dentist calls it a “check-up”, your physician calls it a “health exam”, your mechanic calls it getting your vehicle “serviced” etc. If we do this for so many other parts of our lives why don’t we all review what will most likely be the largest investment and largest debt we incur during our lives?

So why do I need an annual review?

All plans need to be monitored to make sure you stay track. A lot can change in a year; interest rates, goals, income, career, family, health to name a few possibilities. In addition, it is possible that new mortgage planning products are available which may be of benefit to you. By knowing what has changed since your last review you can make sure that your mortgage is working for you.

Discussing your mortgage with a Mortgage Analyst at Axcess Finance is as important as meeting with your financial planner. A mortgage is a large piece of your financial plan and when structured properly can help you reach retirement or other goals sooner.

How long does it take and what will it cost me?

The conversation will likely take about 20 minutes and could save you thousands in unnecessary interest cost. Of course as our other services, this service free of charge! We provide this service to our existing and potential clients.

What information is needed?

First, we need you to have answers ready to the questions below to expedite the process. We need the following :

  • Addresses of currently owned real estate
  • Outstanding balance (and lender name) of existing mortgage(s)
  • Interest rate of mortgage(s)
  • Renewal date of mortgage(s)
  • Payment frequency (bi-weekly, monthly, etc)
  • Have you done any pre-payments?
  • Current property Tax Bills
  • Currently working with a financial advisor?
  • Mortgage or life insurance?
  • Do you have an accountant?
  • Are you currently happy with your situation?
  • What are your goals for your principle residence and real estate portfolio in general over the next 3-5 years? For example:
    • Paying down principle residence mortgage
    • Eliminating debt