Advanced Mortgage Strategy For Renewals or Purchases

If you or someone you know has a mortgage coming up for renewal in the next 6 months, or you or they are buying a home and taking out a mortgage this article outlines valuable new option. 

l am about to share an idea that can help homeowners decide whether they should go long term or short term with their upcoming mortgage renewal or even when they get a mortgage to buy a home.

We all know mortgage rates are substantially higher today than just a few years ago, and most are predicting they will go down. As a home owner, you could pay a premium to take a short term mortgage and hope the rate goes down. Or you lock in for 5 years of guaranteed security and be prepared to suck it up, if rates do come down.

Either way, it’s not perfect. What if there was a way to have the security of a five year fixed rate on all of your mortgage balance, and have the option of resetting the rate on 15 to 20% of your balance twice within that same 5 year term.

The implementation is quite easy, once we provide you with the initial training and set you up with the right mortgage product. This is an advanced mortgage strategy and is something you are not likely to hear about from your current lender. Give me a call  or send me an email and we can see if this is the right fit for you.

PS This has nothing to do with taking on the risk of a variable rate mortgage.