Mortgage renewal
Late for mortgage renewal Late for mortgage renewal and looking to minimize the expense to change to a better rate? If you or someone you know ever find in this situation the alternative seems to be to “Opt for a short-term open mortgage and escape as quickly as possible” you might want to consider or ask the following…
Automatic mortgage renewal Be wise and observe the terms and amortization payments schedule in your mortgage to see how much you can save with your educated decision, rather than just the standard or automatic mortgage renewal from your lender. When you choose to renew on a yearly basis, you are also choosing to be subject…
Be prepared for your mortgage Anticipating for your coming mortgage renewal, refinancing or home purchase will always pay off, it’s a smart decision and an excellent financial practice. Since you are not in control of all the factors that affect your future transaction, it is most convenience to stay ahead of the curve. Unless you…
A refinance story After a period of some stressful time in their life, this including hard work, a change of workplace, some family illnesses and some accumulation in the credit card usage , a client called me asking for some financial advise. Their goal was to recuperate their financial stability, to stop accumulating debt with…
Mortgage renewal 5 years vs 10 Here is one great advantage of renewing your mortgage loan with us, rather than banks. Scenario renewing your mortgage with a bank for 5 years: Mortgage amount = 300,000 mortgage rate @ 5 yrs 3.00% Balance at maturity = 248,685 Repeat the mortgage renewal with the same factors 5…
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