ARE YOU PAYING TOO MUCH FOR YOUR MORTGAGE?

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ARE YOU PAYING TOO MUCH FOR YOUR MORTGAGE?
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• Mortgages are a significant outgoing for most,
  and its important that we pay as little as we
  need to, in order to avoid financial ruin.
  However, on occasion, small details within a
  mortgage contract may be overlooked and can lead
  to individuals having to pay an inflated amount,
  and this usually occurs when you dont use the
  services of a mortgage broker.
• Here are some of the main reasons why people
  might be paying too much for their mortgage

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• An ARM wasnt considered
• Most homebuyers opt for a fixed-rate mortgage as
  it will guarantee to give them a consistent
  interest rate throughout the duration of the
  mortgage, but in some cases, an adjustable-rate
  mortgage could have saved them more money. Modern
  ARMs are now much safer for homebuyers than they
  used to be and can be great for certain
  individuals and under certain circumstances. Your
  mortgage broker can give you the best advice as
  to whether a fixed-rate or adjustable-rate
  mortgage is best for you.

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• Points werent purchased
• Purchasing discount points upfront can help you
  pay less interest on a home loan, if you can
  afford them. While for many, paying more upfront
  just for a small change in an interest rate
  doesnt seem worth it, it can make a big
  difference long-term.
• A broker wasnt used
• Mortgage brokers can help save you a lot of money
  over the duration of your loan, by explaining in
  detail, the pros and cons of each type of
  mortgage, and then advising you as to which gives
  you the best deal for your bucks.

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• The mortgage hasnt changed to reflect
  circumstances
• Multiple things can change throughout the
  duration of a mortgage, from interest rates to
  your own financial circumstances, and if you
  dont consider refinancing at a lower rate, you
  could miss out on huge savings. By not stretching
  your mortgage out over a 30 year term, you might
  pay a little more in monthly payments, but you
  stand to save a large amount in interest, and
  your mortgage would no longer be a millstone
  around your neck for such a long period you
  could be mortgage free in half the time.

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• Seeking help and guidance from a mortgage broker
  is essential if you want to get the latest,
  up-to-date information about mortgage rates, and
  could help save you thousands of dollars over the
  lifetime of your loan. If youre concerned that
  you might be paying too much for your mortgage,
  reach out to a professional and experienced
  broker today, and see if they can help you make
  some much needed savings.

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• Red Key Mortgage is located in Calgary, Alberta.
  We are a boutique brokerage with high volume
  serving hundreds of clients locally and
  nationwide every year. We have a number of
  associates dealing in mortgages as licensed by
  the Real Estate Council of Alberta. Being the
  best Calgary mortgage broker, Red Key Mortgage,
  will provide all of your available options from
  the entire mortgage market and allow you to make
  an educated decision where you'd like your
  mortgage to go. Red Key Mortgage works with big
  banks in Canada, as well as over a dozen other
  AAA lenders. Best of all, our services are paid
  for by the lenders at no additional cost to our
  clients. If you are looking for 2nd mortgage in
  calgary, contact us today! We can't wait to get
  started.