FAQ: How to Obtain a Lower Mortgage Rate

Posted on 24 June, 2015

Many of our clients have recently asked if it is beneficial to break their current mortgage in order to rework the arrangements, potentially achieving a lower interest rate.
Consider the results of a recent review completed for one of our clients. Based on their $250,000 mortgage with an interest rate of 5.09%; after paying the early payout penalty, these clients will be ahead by $5,000 in interest and $1,600 in principal, in three years’ time.

Simply by reviewing your current mortgage arrangements we can easily determine if you would benefit from refinancing.

For more information or to arrange a review meeting, please contact our office

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