Sentences with phrase «terms than your current mortgage»

In a few minutes, our pre-qualification process will tell you if MoFin can offer you a better rate and terms than your current mortgage.

Not exact matches

Whatever is the current cause of the rise of prices in the housing market, when computed as the mortgage cost in labour time in terms of the average weekly salary, residential properties, with the exception of the 1988 - 1991 period, are now clearly less affordable for middle - class Canadians than they were for the last five decades.

This type of loan might make sense for you if you can get a better interest rate than that of your current mortgage, you plan to shorten the term of your loan instead of refinancing for 30 years, and you plan to keep your mortgage for at least several more years.

When you consider that inflation has averaged 2.94 per year over the past 30 years, and that current mortgage rates are just 0.68 percent higher than that, it begs the question: Why would a lender commit to earning barely more than the long - term inflation rate for the next 30 years, unless getting paid back was close to a sure thing?

This type of loan might make sense for you if you can get a better interest rate than that of your current mortgage, you plan to shorten the term of your loan instead of refinancing for 30 years, and you plan to keep your mortgage for at least several more years.

Consider making the term of the new mortgage no longer than the remaining term of your current mortgage to help partially resolve this problem.

Current mortgage rates are still at historically low levels not to mention unbelievably low adjustable rate mortgages if a term shorter than 10 years may be more beneficial for your individual situation and needs

I current have a mortgage with less than 14 years on the term with an outstanding balance of approx 100k.

For example, if you have 178 payments left on your current mortgage, request your new loan term to be no more than 178 months.

Early Payout: Greater of 3 months interest or Interest Rate Differential (up to 5th anniversary, 3 months interest after 5th anniversary), 10 % penalty reduction if refinanced with MCAP for term longer than current mortgage

Start your mortgage renewal process no later than four to six months before your current term is due to expire.

You'll get a lot more coverage for 20 years, but since it's a 20 year term instead of 30, your premium will still be lower than the «mortgage insurance» offers and probably even lower than the 30 year level term policies other agents are quoting you for the current amount of the balance.

Most of the time, when we are negotiating short sales for Wellington homeowners the banks are more agreeable in negotiating terms with you than if you are current on your mortgage.

Early Payout: Greater of 3 months interest or Interest Rate Differential (up to 5th anniversary, 3 months interest after 5th anniversary), 10 % penalty reduction if refinanced with MCAP for term longer than current mortgage