If You Have a Variable Rate Mortgage, You Need to Read This!
Most Variable Rate Mortgages have increased 0.75% since July 1st. That means mortgage payments have increased pretty significantly. Now is a good time to look at switching to a Lower Variable Rate.
Even with a 3 month interest penalty (built into new mortgage), I was able to save a family approximately $9,800 in combined monthly payments and ending balance based on their new lower rate. You can imagine how happy they were. We also covered $250 towards their discharge fee & they didn't need to hire a realty lawyer!
If you want to find out how much you could save, contact me for complimentary assessment. Please share with friends that you know have variable rate mortgages!
Michael Dorego Mortgage Agent Northwood Mortgage Lic # 10349 7676 Woodbine Ave Ste 300 Markham, ON L3R 2N2 www.topmortgageshop.com