Search This Blog

7 August 2009

Easy Refi Progam - NO Legal Fees!

What has really been attracting attention is our "EASY REFI" program that is exclusive to the lender currently offering the better mortgage options.

Under this program the lender pays for the legal fees, and appraisal fee for mortgage refinances. In the past, this was a program that the Bank's were only allowing for Mortgage Switches. But with a switch you can't change the mortgage amount, or alter the amortization. Now you can roll your penalty, or consolidate additional debts back onto your mortgage with no legal costs or a trip to a lawyer. The closing company will come to you on your schedule.

This is a great program if you are considering breaking your current fixed rate mortgage and have a penalty to do so, or are interested in converting from a variable rate mortgage to a fixed mortgage or you may want to lower your mortgage payment by extending the amortization, especially if you have had a recent change in employment.

With rates being low, many clients are using this opportunity to seek out the security of a 5 year fixed rate.



There are a few conditions that are applicable for this program, which nclude:
* Eligible mortgages to a maximum of 90% loan to value. If you need to refinance to 95% then we can still get the great rate - just not the free legals.

*The lender also has some minimum expectations on credit ratings to qualify for this program along with minimum mortgage amount of $100000.00.


Give us a call today to see if you qualify! (905) 529-1199

No comments:

Post a Comment

Mortgage Alliance Oac Mortgages

As a registered franchise of the Mortgage Alliance Network, we have a number of mortgage professionals who can bring you the choice, convenience, and counsel you need to get the RightMortgage®. Working with over 40 lenders (some offered exclusively through brokers) we'll provide unbiased guidance in your mortgage decision.

We are legislated by the Ministry of Finance FSCO and our brokerage license is 10928.

We are dedicated to educating our clients about their mortgage! We want you to be well informed and comfortable with the mortgage you have and the options available to you. This blog is intended to offer information, updates, current mortgage products and current rates.

Please provide your feedback and let us know if there is anything else we can provide to help you in your mortgage process.