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When your mortgage reaches
its maturity date, it's time to re-negotiate
your interest rate. In most cases, your existing
mortgage lender will make you a mortgage renewal
offer that is usually not a competitive interest
rate.
Apply Today for your Toronto
Mortgage Renewal
Contact me
to get a lower rate that you truly
deserve. Most lenders now
offer "no cost mortgage
switches/renewals". Also keep in
mind that many Canadians need to
review their financial situation at
the same time of their mortgage
renewal. This is often a time to
consider a mortgage refinance to
eliminate high interest credit debts
and for other reasons as well.
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Which Mortgage Products ,Terms
& Payment Options should you choose? |
Every client scenario is
unique and requires a full review of your
existing mortgage, property value &
financial profile. I will assess your
current situation and needs to find the best
mortgage for you at a fully discounted
mortgage rate.
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| Short-term and Variable
Mortgage |
If rates are low and
stable you can generally pay a lower rate
with a short-term or variable rate mortgage.
You may roll over your term every 6 months
or float your rate against prime, with the
option of locking in to a longer term at a
later date, with fully discounted mortgage
rates.
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| Long-term Mortgage |
Any term 3 years or
longer is considered "long term" in today's
economy. You will have the comfort of
knowing exactly what your payments will be
and you will be able to manage your budget
accordingly. When mortgage rates are low,
you can take advantage of securing them for
a longer period of time.
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| Mortgage Prepayment
Options |
Many lenders allow you
to make a lump sum payment —
usually 10% to 20% of the
original principal balance.
In addition, many mortgage
products now include a
"double-up and
skip-a-payment" feature.
This lets you "bank" extra
mortgage payments for a
rainy day, at which time you
can "skip" them if you need
to.
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| Mortgage Payment
Changes |
Most mortgages now allow
the amortization to be
adjusted by increasing the
payment on closed terms by
10% — 20% per year, once
annually.
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| Mortgage Payment
Frequency |
| Most mortgages now come
with the option to pay your
mortgage at a frequency that
matches your cash flow —
weekly, bi-weekly or
semi-monthly. The added
benefit of the "accelerated"
weekly and bi-weekly
payments is that by dividing
a regular monthly payment
into two or four
respectively, and deducting
it at the new interval, an
extra mortgage payment a
year is made directly
against principal. The
surprising effect of this
one extra mortgage payment a
year is to reduce the
amortization of the average
mortgage by approximately 5
years, with cash savings at
the end of the mortgage
term. |
Click Here for Home Page |
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My
experience with Darin was very positive
and his service was excellent. My
mortgage was approved quickly and with a
very low interest rate. The application
process was easy and made my home buying
experience stress-free. I will certainly
recommend his mortgage services to my
family and friends. Thank You Darin!
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Lynn - Toronto, Ontario |
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Recently we asked Darin to help with a
mortgage refinance on our Condo in
downtown Toronto. He provided us with
exceptional service, worked efficiently
with us and the lender to find us the
lowest mortgage rate available. We
recommend Darin's services
full-heartedly.
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Peter & Fabiana - Toronto,
Ontario |
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Darin helped us with a mortgage
refinance to payoff our
high-interest credit cards. We
were very happy with his service
and the low interest rate our
mortgage was approved at. We
will definitely refer him to
friends & family.
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Albert - Brampton ,
Ontario |
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We wanted to refinance our
mortgage and we hadn't used a
mortgage broker before. Darin
was amazing. He recommended that
we consolidate our credit lines
and credit card debts into a low
rate mortgage. With his help we
saved money and increased our
monthly cash flow. Darin took
care of everything by
refinancing our mortgage and our
financial life into much better
shape. Thank you Darin!
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Cindy - Mississauga,
Ontario |
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