SARAH COLUCCI, MORTGAGE BROKER
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Mortgage Blog

Three tips that can save you thousands on your mortgage

10/15/2017

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I think everyone agrees that the idea of being mortgage free feels wonderful. No mortgage obligations and you own your home out right. Pretty good, right?


To pay off your mortgage faster, you should have useful tools built into your mortgage. These 'tools' aren't provided by every lender because lenders want to make money. Their main priority isn't finding a way for you to pay off their loan faster and pay less interest.


As the articles states, here are some tools to look for:
- Lower interest 
- Prepayment privileges
- Portability 
- Increased payment frequency


As we have learned through the years, mortgage terms can be vague. It's important to work with someone that reads mortgage contracts for a living. This way, you can do what you need to do to become mortgage-free sooner.

Contact my office today if you have any specific questions about your mortgage term. I'd be happy to help!

Click on the article to read about how a young man became mortgage free. 


https://globalnews.ca/news/3801486/interest-rate-mortgage/
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    By: Sarah Colucci

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Address

411 Queen St. 
Newmarket, ON
​L3Y 2G9

Second Location: 
Tottenham, Ontario 

Head Office: 
15 Wertheim Court, Suite 210
Richmond Hill, Ontario 
L4B 3H7 

Sarah A. Colucci, Mortgage Agent Lic. M14000929
Mortgage Edge, FSCO Lic. 10680

Telephone

Direct: 647-773-4849
​
Email: sarah.colucci@coluccimortgage.com
Picture
  • Home
  • ABOUT ME
  • Why Use A Mortgage Broker
  • APPLY ONLINE
  • PRODUCTS
    • BEAT THE BANKS
    • WHY INVEST IN REAL ESTATE
    • FIRST-TIME HOME BUYER PRE-APPROVALS >
      • FIRST-TIME HOME BUYER TAX CREDIT
    • SELF-EMPLOYED MORTGAGES
    • MORTGAGE REFINANCE >
      • Prepayment penalties
    • SPOUSAL BUYOUTS
    • INVESTMENT PROPERTIES AND RENTALS
    • BRUISED CREDIT
    • PRE-APPROVALS
    • NEWCOMERS
    • DEBT CONSOLIDATION
    • HOME EQUITY LINE OF CREDIT
    • PURCHASE PLUS IMPROVEMENT PROGRAM
    • MORTGAGE RENEWALS >
      • New Mortgage Rules and Mortgage Renewals
    • SECOND MORTGAGE LOANS
    • LESS THAN 20% PROPERTIES
    • PERSONAL LOANS
    • DOWN PAYMENT
  • CONTACT ME
  • PRIME RATE CANADA
  • CLOSING COSTS
  • DOCUMENTS REQUIRED FOR MORTGAGE FINANCING
  • MORTGAGE QUESTIONS
  • MORTGAGE DICTIONARY
  • MY LENDERS
  • MISSION
  • MORTGAGE NEWS
  • MULTIMEDIA & APPEARANCES
  • GOVERNMENT MORTGAGE RULES
  • MORTGAGE TIPS
  • TESTIMONIALS
  • HOUSE HUNTING CHECKLIST
  • MORTGAGE WITH ME