Trusted Tips and Resources

Trusted Tips & Resources

Your Mortgage Now - Devin Cristo and Wes Will Trusted Saskatoon Mortgage Brokers shares a great Mortgage tip

Buying a home is one of the most important and exciting steps in your life.... now that pesky financing! Deal with people who can offer you and your family the best options for you with Your Mortgage Now! Devin Cristo and Wes Will are your Saskatoon Mortgage Experts and they have years of experience helping individuals and families finance their dreams by offering mortgages from a variety of lenders for people from all walks of life.

They are your Trusted Saskatoon Mortgage Experts

Here they share their first Trusted Saskatoon Mortgage Tip

 

What To Do With Your Mortgage When You’re Selling

Unless you own your home outright, you'll need to discharge your current mortgage when you move. Usually, you'll have 3 options.

OPTION 1: Pay Off Your Mortgage

This can be a good choice if:

• • You have a 'fully open' mortgage with no prepayment charges

• • Your remaining balance is small

• • You're not planning to buy again

• • Current mortgage rates offer you no financial advantages

This may not be a good choice if:

• • You have a 'closed' mortgage, where charges apply for paying it off

OPTION 2: Take Your Mortgage With You When You Move

• • Take your existing mortgage with you when you buy a new home; if you like, you can increase your loan amount and blend your existing rate with the current market rate for the new funds

OPTION 3: Allow Your Buyer to Assume Your Existing Mortgage

This may be a good option if:

• • You took out your current mortgage when interest rates were much lower (often attractive to buyers)

• • You're buying a smaller property and still have several years remaining on your term (could help you get rid of your mortgage without prepayment charges).  

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TrustedSaskatoon.com
434 20th Street West
Saskatoon, SK   S7M 0X4
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