Mortgages—Price vs. Flexibility

Everyone wants the best price or cheapest deal, but if you pay $5 for a pair of shorts that wear out after 4 washes, was that really a better deal than the slightly pricier pair that would at least get you through the summer?

The same thing goes for mortgages. If you want flexibility, choice and perhaps lower penalty charges down the road, when life changes; then the lowest rate may not be your best option.  The rates can still be excellent or very close, but think of the small difference as insurance on the future. Portability, refinance costs, early payout or pre-payment options, even locking your variable rate mortgage into a fixed rate can trigger different costs and not all lenders are going to treat you the same. 

As an independent Mortgage Agent Andrea Meynell, will listen to you to find out if you are planning to pay down your mortgage faster, if you need the best option for switching to fixed in an upward trending market, or which lender gives the best options for porting a mortgage when your family is growing.

Andrea takes the time to understand your goals and gives solid advice to save you money.

Get Advice with Integrity. New Mortgage, Refinance or Renewal.  Call Now for a free Consultation 416.486.1113.

Andrea Meynell, MBA, AMP
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416.486.1113 • www.Great-Mortgage-Rates.ca