A mortgage switch can take place at any time during the term of your current mortgage. Unless your in a open mortgage where it can be paid in full at any time or your closed mortgage term is not yet due, you could be facing early discharge penalties.

If your mortgage is due for renewal, when you get that renewal notice in the mail, do yourself a favour and don’t just sign it and accept your banks interest rate and terms without giving us the opportunity to see if we can get you a better deal. Remember, there’s no cost or obligation to have us take a look.

An additional 1% on a $100,000.00 mortgage will cost you over $9,000.00 over only a 5 year term.

Paying a higher interest rate on your mortgage can have a huge impact not only on how much interest you pay, but how much of the principal balance gets paid off.  Give Quick Response the opportunity to assess your current mortgage situation to see if a mortgage switch is in your best interest.