Whether you currently have a mortgage and are up for renewal, or you are a first-time homeowner and are taking advantage of the current low interest rates, there’s no question that it’s more affordable than ever to finance your home.
Because no one knows how long these great rates will last, the important factor to consider is how a rise in interest rates could affect the average household’s budget at the end of their term. For example, 5 years from now, when individuals go to renew their mortgage, they could experiencepayment shock that may result when their mortgage payments increase by hundreds of dollars due to a possible increase in interest rates 5 years from now.
Ask yourself: “Are you ready for the impact of higher mortgage payments at the end of your term?”
How can you take advantage of today’s extra-low interest rates while at the same time protecting yourself against the very real possibility of higher rates and monthly payments down the road?
It’s easy, with First Foundation’s Payment Shock Protection Plan
It’s free, it’s easy, and it’s one of the best strategies we’ve seen for managing your interest-rate risk into the future.
With First Foundation’s Payment Shock Protection Plan you can:
1. Pay the principal off faster.
2. Save $$$ interest.
3. Protect yourself against payment shock.
For more information, you can contact one of our Licensed Mortgage Brokers or fill out our handy form below: