Lenders / Pre-Payment / Purchase / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Payout Penalties

A payout penalty is charged when you pay off the mortgage principle prior to the renewal date or pay the mortgage principal down beyond the allowable prepayment privilege amount. The most common payout penalty calculations are the GREATER of 3 months interest or interest rate differential (IRD) 3 months interest– Amount currently owing on your … Continue reading

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How to get best mortgage rates

We of course want to get best rates for every one of our client’s which is not always possible as your mortgage interest rate is based on the risk level of your overall financial profile. The stronger your financial profile, the more likely you are to get the best interest rates available. Your financial profile … Continue reading

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NEW BLOG!

So I have decided to move my blog from Blogger to WordPress. There were a couple reasons why I moved, but the biggest was ease of use. My website is WordPress so it is easier to link it to the blog, I also like the templates WordPress offers way more than Blogger. And, most important … Continue reading