Today, on Remembrance Day, we pause to remember and honour the brave men and women who have served and sacrificed for our freedom. Let's take a moment to reflect on their courage and dedication.
When purchasing a home, you might need some extra cash, and a cash back mortgage can be an excellent solution! With a cash back mortgage, your lender provides you with a lump sum of cash at closing—typically around 5% of your mortgage amount, but it can range from 1% to 7%.
Curious if a cash back mortgage is the right choice for you? Reach out to me today to explore your options!
cash back mortgage, home buying, mortgage solutions, Jamie Stanners, real estate financing, financial advice
Decoding Mortgage Jargon: Your Guide to Homeownership
Confused by mortgage terms? You're not alone! Let's break down some essential concepts to help you navigate the home buying process with confidence.
Key Mortgage Terms:
Fixed Rate Mortgage: Your interest rate stays the same throughout the loan term, providing stability and predictable monthly payments.
Variable Rate Mortgage: Your interest rate can fluctuate based on market conditions. This can lead to potential savings, but also carries some risk.
Amortization: The process of gradually paying off your mortgage over a set period, typically 15 to 30 years.
Pre-Approval: A lender's commitment to lend you a specific amount, based on your financial profile. This can give you a significant advantage in a competitive housing market. Still Have Questions?
Don't hesitate to reach out to me for personalised guidance and expert advice.
Wishing you and your family a joyful and safe Thanksgiving weekend! Take this time to reflect on what you're grateful for and enjoy the company of loved ones.
