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TEAMIMATIEN 2 g i rey 2 = ES g 8 = 5 § a zs i Happy Seniors Month! No one loves Seniors more than I do! For almost 27 years, | had the eee, of serving Seniors everyday in Retirement Living. | supported Seniors and their families through the next chapter in life when living at home was no longer a safe option. | learned so much from our very wise Seniors and built the most incredible friendships. This month we take the time to recognize the hard work Seniors have done throughout their lives to make Ontario the wonderful place a. eee Happy Seniors th! Need to buy, sell or invest? I’m your girl! ENN LC) =1 WA =10}-1 650) ENTATIVE (289) 242°6799 @% RE/MAX REALTY SERVICES insidehalton.com Real Estate Advertorial Know your mortgage trigger rate (NC) Interest rates have risen dramatically in the past year. When your mortgage has a variable interest rate with a fixed payment, you may reach a trigger rate when interest rates rise. Your trigger rate is the interest rate at which your mortgage payment will no lon- ger cover the principal and interest due for that period. Once you've reached the trigger rate, your payment will only cover interest pay- ments and no money will go towards paying down your principal amount. That means that you've stopped paying down your loan. The best way to find out your trigger rate is to review your mortgage or loan agree- ment. You can also contact your bank. They'll be able to calculate the exact rate for you. They'll also be able to let you know your options if you reach it. For example, your bank may offer to extend your amortization. This is the time period over which the mortgage loan is reduced and eventually paid off by regu- lar payments. Extending the amortization would avoid having to increase the amount of your recurring payments. However, Matt Sullivan RED a@t a: mauve DIAMOND #PHS - 2170 Marine Drive, Oakville Offered at $4,399,990 #1808 - 2170 Marine Drive, Oakville $1,749,000 1-21 Marine Drive, Oakville red at $1,399,000 #1102 - 2170 Marine Drive, Oakville $1,249,000 #306 - 2486 Old Bronte Road, Oakville Offered at $714,900 re 0000001 y79°25% ROYAL LEPAGE 0 0000011 fisexr* 7a eae | Pekar LUXURY extending your amortization means paying for a longer period of time and paying more interest in the long run. If you do look into mortgage relief options, it’s important to know what the impact will be for your entire mortgage. If you're worried about your mortgage, contact your bank to discuss your options. You could also seek advice from reliable and trusted sources to explore your financial options. Contact a financial professional, such as a licensed financial advisor or an accredited credit counsellor, to discuss a plan. Do your research to find a trustworthy organization and a qualified professional. Find more information at canada.ca/ money. Anita Sullivan Broker /ostor ‘905-466-4900 aniteesulivarealestateca FD) Sslivanrestestatace #2007 - 2180 Marine Drive, Oakville Offered at $1,749,000 156 Riverview Street, Oakville Offered at $1,477,000 16 - 141 Cornwall Road, Oakville Offered at $1,299,000 #1202- 2185 Marine Drive, Oakville Offered at $879,000 904 - 2263 Marine Drive, Oakville Offered at $574,999 SULLIVAN Royal LePage Real Estate ‘Oakville, ON LEM 367