| Mortgages by Vivian.com | 
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| Mortgages by Vivian.com |
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Mortgage Services
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This page will explain the different types of mortgages available from fixed and variable rate to second mortgages, cash back, equity take out and purchase plus improvement type of mortgages.
This page will provide information of mortgages for self-employed individuals who may not be able to prove their income. As well, there are Family Plan mortgages in addition to mortgages for Foreign Employees, those new to Canada, foreign investors and those with zero down payment.
Pre-Approvals Having a pre-approval with a firm commitment from a lender gives you the knowledge ahead of time to know what price range you can afford, the advantage of rate holds up to 120 days and the confidence when it's time to put an offer on a home.
Renewals When your mortgage is up for renewal, don't be too quick to simply sign the form and send it back. Check to see what are the current mortgage rates, you may be surprised that your current lender doesn't necessarily offer you the lowest rate available. You will want to talk to a mortgage professional to ensure you have the features in your new mortgage that are based solely on your needs and in your best interest.
Refinances You can now refinance your principal residence up to 90% and in some cases even 95% of the market value of your home. The new first mortgage pays off and replaces the old one.
Debt Consolidations If you have equity in your home, you can take advantage of much lower interest rates by refinancing your existing mortgage and using the money to pay off higher interest loans and credit cards.
Switches If your mortgage is up for renewal or if you are in an open mortgage, you can simply transfer your mortgage to another lender who will give you the rate and features that fit your needs or situation. Providing the principal amount is the same or less, the 'switch' can be done at no cost or low cost.
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Copyright © 2007 Vivian Pritchard |
