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Tag Archives: mortgage rates

Renew the mortgage early to get a better rate if it’s coming up for renewal this year

Renew the mortgage early to get a better rate if it’s coming up for renewal this year

 

If your mortgage is renewing in the next year, it’s probably going to be renewing from a mortgage with less than 3% rate to a rate that is likely over 4%. What does that mean for you?: Payments going up by a couple of hundred dollars if you keep the same amortization. If you renew early–pay a penalty to get a lower rate now or re-amortize your mortgage to a longer period for the short term–we can help homeowners get a lower rate now.

Contact us! We love helping people with technically-supported honest mortgage advice!
© Sandra Lastovic is the Principal Broker with the Mortgage Centre in Guelph. With over 15 years’ experience and holds a M.Sc. from the University of Guelph. She was recently ranked at the top 75 agents in Canada by The Canadian Mortgage Professionals annual survey and 2017 Most Influential Women in the Mortgage Industry. She can be reached at 519-763-3900 x1001 or www.skipthebank.ca™


Review and adjust monthly obligations to take the worry out of mortgage rates going up

Review and adjust monthly obligations to take the worry out of mortgage rates going up

Review and adjust monthly obligations to take the worry out of mortgage rates going up. Are interest rates increasing, adding to mounting debts? A simple affordable solution may well exist with a call to Sandra. Worried about rates going up and meeting your payments on your mortgage plus your other debts? There’s likely a good… Read More

Bank of Canada influences on mortgage rates

Bank of Canada influences on mortgage rates

A few other things to consider: Bank of Canada big picture influences on mortgage rates 1. Although the unemployment rate is at historical lows, the number of people looking for jobs is lower and wage growth is running at 2.7 per cent annually, which is below the 3.0 percent that has been consistent when there’s no… Read More

Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage

Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage

  Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage. When and why you should pay off your variable-interest-rate mortgage: Very often the variable-interest-rate mortgage is less than a fixed-rate mortgage. If you pay off your variable-interest-rate mortgage, you will have saved more money than if you had a fixed-interest-rate mortgage. We can help a homeowner… Read More

Negotiating a better mortgage rate

Everyone who needs a mortgage wants the best rate. However a good rate is only one way to save money on a mortgage. Adjusting payment schedules, creating flexibility on the amortization or paying-out consumer debt are cost-saving strategies often overlooked by most people. Focusing only on the mortgage rate and finding a rate that’s “too-good-to-be-true”,… Read More