Is your current mortgage coming up for renewal?
If so, we can offer some excellent options.
When you are renewing your mortgage or switching from your current bank to another, it's always good to start shopping 4 months before your renewal date. This allows us to lock in the rate for 120 days that way if interest rates go up; you have it locked in at the lower rate.
We shop the rates for you, it’s free and easy. We have access to mortgage broker rates that banks don’t offer the general public. Let us shop the lowest rate for you and than see what your current bank is offering and go with the lower rate. In many cases the bank will ask for an appraisal to be done on the property. If an appraisal is needed, usually the banks will cover the cost of the appraisal.
A pre-approval is great! The advantages are:
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Lock the interest rate for up to 120 days. This has been proven to be invaluable.
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You are not committed in any way shape or form. Let me earn your business.
A pre-approval is a mix of your income, down payment, interest rate, and credit rating to see if you qualify for the mortgage.
Variable 2.00%
1 Year 2.80%
2 Year 3.55%
3 Year 3.75%
4 Year 4.49%
5 Year 4.49%
10 Year 5.59%
Interest rates can change at anytime without notice!
- Your Address
- Your Date of Birth
- Social Insurance Number
- Current employer, income amount, and for how long you have been employed there.
- Down payment amount and where it is coming from.
Renewing or switching your mortgage is an easy process and it can end up saving you a lot of money. Every home owner wants more money to go towards principle and less to go towards interest. We at Fair Mortgage Solutions are committed to place our clients in the best products the financial world has to offer. We have access to 60+
lenders that all want your business so
negotiating on your behalf is always a pleasure. Just remember, the higher your credit score is the more bargaining power we have with the banks. Just some food for thought!
Take the Next Step!
