Cheryl Shaw Mortgages
204, 10941 - 120 Street T5H3R3 Edmonton, AB, Canada

Local Love Valentine’s Day contest! We have teamed up with YEGtweetup to show local love to some of ours & your favourite businesses! Enter here: https://www.yeglovelocal.com 1. Like this post... 2. Follow us: Cheryl Shaw mortgages & Yegtweetup 3. Tag your favourite LOCAL business For a chance to WIN a $50 gift card to your favourite local business! Contest is open to residents of Edmonton & area. 2 lucky winners from each platform will be chosen on Monday, February 15th and announced on this post. Disclaimer: This contest is in no way sponsored or endorsed by Facebook.

Did you know that at the time of renewal your mortgage has an open option that can allow you to make a lump sum payment to your mortgage without penalty? This is your opportunity to make a serious dent in your amortization and save on interest costs because every dollar goes to paying down the principal and there are no pre-payment limits. Regardless of the amount of the lump sum payment, it reduces the principal and the overall interest cost you pay over the life of the mortgage saving you thousands of dollars in the long run.

It's that time of year to receive your annual mortgage statement and we thought it would be a good idea to share some important info on mortgage renewals and best practices for paying off your mortgage early. An easy way to pay down your mortgage faster and shave years off the life of your mortgage is to round up your mortgage payment to the nearest $50 or $100 and take advantage of your yearly prepayment options. If you received a raise in salary over the past year, perhaps give your mortgage payment a raise!

Looking to update your home with a fresh coat of paint! Here is some design inspiration. Pantone took the unusual step of naming two colors as their shades of the year: Illuminating, a zingy yellow, and Ultimate Yellow, a pale gray. 'The selection of two independent colors highlight how different elements come together to express a message of strength and hopefulness that is both enduring and uplifting, conveying the idea that it’s not about one color or one person, it’s about more than one,' says Leatrice Eiseman, Executive Director of the Pantone Color Institute

We’re into the new year and we hope you’ve been keeping on track with any goals that you would have set a few weeks ago! Speaking of goals... When was the last time you reviewed your financial goals? Especially at this time of year, it's a great thing to revisit. Maybe you have a mortgage that could be renewed at a much lower rate right now allowing you to meet one of your financial goals faster? These are the things I'm here to chat with if it makes sense for you! Don’t be afraid to send me a message, I'm here to help.

Tip Tuesday! Your mortgage approval hinges on the accuracy of the information you provided to you broker/lender. I am here to help you make sure everything is correct! https://shawmortgages.ca