Sarah A. Colucci, York Region's Mortgage Expert. Savings Guaranteed.
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Mortgage News 2022

Three tips that can save you thousands on your mortgage

10/15/2017

0 Comments

 
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

    Senior Mortgage Agent, Lic. M14000929

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Address

411 Queen St. 
Newmarket, ON
​L3Y 2G9

Sarah A. Colucci, Mortgage Agent Lic. M14000929
Sherwood Mortgage Group
Licence # 12176

Telephone

Direct: 647-773-4849
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Email: scolucci@sherwoodmortgagegroup.com
Picture
  • Home
  • WHY USE SARAH FOR YOUR NEXT MORTGAGE
  • APPLY ONLINE
  • PRODUCTS
    • Free House Value Tracker Report
    • CASH-BACK MORTGAGE
    • BRIDGE FUNDS
    • REVERSE MORTGAGES
    • SELF-EMPLOYED MORTGAGES
    • FIRST-TIME HOME BUYER PRE-APPROVALS >
      • FIRST-TIME HOME BUYER TAX CREDIT
    • 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
    • WHY INVEST IN REAL ESTATE
    • MORTGAGE RENEWALS >
      • New Mortgage Rules and Mortgage Renewals
    • SECOND MORTGAGE LOANS
    • LESS THAN 20% PROPERTIES
    • DOWN PAYMENT
  • CONTACT ME
  • PRIME RATE CANADA
  • CLOSING COSTS
  • DOCUMENTS REQUIRED FOR MORTGAGE FINANCING
  • MORTGAGE DICTIONARY
  • MORTGAGE NEWS
  • GOVERNMENT MORTGAGE RULES
  • MORTGAGE TIPS
  • HOUSE HUNTING CHECKLIST
  • APPRAISALS
  • FIXED OR VARIABLE RATE?