What is your Mortgage Rate?

January 11, 2017 | Posted by: Dawn Stephanishin

When searching for a Mortgage Product we will ask you more detailed questions about your situation, as not all Borrowers will fit into one Box. There is a difference in many of the mortgage features, and often the seemingly lowest rate is not the lowest when you consider the increased prepayment penalty charges. In determining the best Mortgage Product
for you, we would ask some of the details below to offer you a qualified recommendation.


1) How long do you plan on living in the home?
2) Do you typically make extra payments on your Mortgage?
3) If you are selling your home, will you need a new Mortgage that is more than you currently have?
4) How is the Mortgage penalty calculated if you need to refi nance or sell?
5) What Type of Mortgage do you want? Regular payments, line of credit, or both?
6) Fixed or Variable Rates? What is your risk tolerance if the Prime rate suddenly increases?
7) Do you currently have a NHA Insured Mortgage with coverage from CMHC, Genworth or Canada Guaranty?
8) What type of home do you own?


Mortgage interest rates will change based upon the amount of your down payment, property type and sometimes your Credit History. I am happy to discuss your options but will ask for enough information to be able to give you the best guided Mortgage and Rate.

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