Find Your Ideal Mortgage
If you live in Ontario and have an excellent credit score with provable income, then you are going to enjoy this article.
Why?
Because, I am about to show you the best place to compare Ontario best mortgage rates and how to differentiate between a restricted mortgage and a full featured mortgage.
How?
Simply by asking the right questions:
- Is this an effective rate or the actual contract rate?
- Is the proposed mortgage offer the best mortgage rate in Ontario?
- Is this an effective mortgage rate or the contract rate?
- What are the advantages and disadvantages of dealing with your lender?
- Are there any restrictions if I proceed with the proposed mortgage?
- What are the prepayment options?
- What happen if I decide to sell the property during the term?
- Can I switch lenders during the term?
- How the lender calculates the penalty?
- Is the mortgage portable?
- Is the mortgage assumable?
Ideally, you want to ensure the proposed mortgage combine the best mortgage rate and total flexibility.
Don’t get stuck with a restricted mortgage that end up costing you thousands more in unnecessary fees and limit you from leaving the lender during the term unless you sell the property.
Here’s an easier way to compare current mortgage rates in Canada and never get stuck with a restricted mortgage again.
About This Offer:
This article is brought to you by Mahmoud Hamdan (aka Mike) Licensed Mortgage Agent level 2. FSRA Lic # M09002218 since 2009. Brokerage: Mortgage Outlet Inc FSRA #12628.
Disclaimer: All offers are subject to lender qualifying criteria and E.&O.E.”