Should rate be your only concern? (Ep. 12)

Mortgage Fitness Breakdown
Written By Derek Sparrow

Mortgage Breakdown Episode 12- SHOULD RATE BE YOUR ONLY CONCERN? I know that rate is really important because it deals with money leaving your bank account. You just need to take all the factors into consideration. You need to make sure your needs are being met. It’s about finding you the best situation possible.

Is a lower rate better if it limits your prepayment options?
Is a lower rate better if it stops you being able to switch your mortgage?
Is a lower rate better if it comes with a bigger penalty for breaking the mortgage later?
If it is worth it, then let’s get you that low rate.

It’s about finding you the best situation for your needs but maybe the slightly higher rate is a better option.

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Derek Sparrow

Licensed Mortgage Broker helping you get the right mortgage for your next purchase, refinance, or renewal.

https://www.dereksparrow.ca
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Is your application as strong as it can be? (Ep. 13)
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Here’s why you should get a preapproval (Ep. 11)