Rate Reductions and Refinancing

3 year fixed rate @ 3.75%...contact us for details.

One of the questions we get a lot these days is, “Is it better for me to refinance my mortgage and pay a penalty for breaking the term early to get a lower rate, or to stay where I am for now?”.

The answer is, “That depends”. Every case is unique. The best way to know for sure is for us to do an analysis of your current mortgage, the penalty that your current lender says they’ll charge you, and what we can save you by making a change. In many cases, but not all, we can still save you a substantial amount of money.

We’d love to talk with you about it to see. Here’s what you need to do:

1. Grab your latest mortgage statement 2. Contact your current lender and ask them to quote you what the penalty would be to break the mortgage early – ask them to give it to you in writing and to tell you how the penalty is calculated. 3. Give us a call to set up an appointment in person or on the phone to review your options. 4. We’ll produce a summary showing you if we can save you some money, and how much.

If you decide to proceed we’ll take you through the application and switch process to make sure everything goes smoothly.

Don’t forget – you will likely be able to “capitalize” your lender’s penalty so it means no money out of your pocket!

Let’s get started!