Review your Mortgage
Reviewing your mortgage is an important part of any loaning experience. Buyers should really review their mortgages once a year — or before your current fixed deal ends. With Mike Whittaker Mortgages, we make reviewing mortgages easy and affordable, and can save you thousands of dollars.
We work with you to examine your credit, your income and your current financial situation. In addition, we also look at your current loan, examining factors such as your interest rate, monthly payments and mortgage insurance. Based on these factors, we will help you come up with any specific changes that might be beneficial to you.
Several potential benefits may include:
Lower payments. A review of your mortgage may uncover some circumstantial evidence that will lead to a lower repayment each month, like qualifying for a lower interest rate.
Shorter term. If lower interest rates are available, you may be able to refinance and shorten your repayment on your mortgage without increasing monthly payments. If you’d like to pay off your mortgage faster, a review might give you the opportunity to meet this goal.
Refinance. Reviews can also reveal how much equity you have in your home. If you have enough, you can be eligible for refinance, which helps you to pay off your mortgage faster than before.
Qualifying for another mortgage. You can also qualify for another mortgage if you’ve checked your review. If you have enough equity and your balance is good, you may qualify to take out a mortgage on a holiday home or another investment property.
We can help you review your mortgage through a free and fast consultation. We can tell you how your mortgage stacks up overall, as well as any determining factors that qualify you for lower interest rates and another mortgage loan on separate properties. Additionally, we help you come up with an easy and effective plan, whether you do or don’t qualify per your review. For a fast and simple way to check up on your mortgage, book an appointment with us today.