Canada: How do you save over $10,000 on your mortgage this year? Here’s one way!

Trimor Home Finance has a fantastic opportunity to save our clients thousands of dollars!

Due to the significant decrease in variable rate mortgages, many clients have saved over $10,000 in interest on their current mortgage! Over the past 18 months, as a result of the economic crisis in the United States, variable mortgage rates have sky rocketed to as high as prime +1.0%, but recent changes have brought variable mortgage rates back down to as low as prime -0.7%!

Here’s an example of how this can have a positive effect on your personal finances:

Current mortgage amount: $300,000

Current mortgage at prime +0.5%

New variable mortgage at prime -0.7%

Term remaining: 4 years

Total interest savings over 4 years: $13,989.72

Total additional principal paid: $4,613.40

Overall savings: $18,603.12 – $2,568 (pay out penalty) = $16,035.12 in savings

How is this done?

Quite simply, we will transfer your mortgage to another lender who is able to offer you the better rates than your current lender. There will be a nominal pay out penalty charged by your current lender, however, the cost is insignificant compared to the savings you will receive. The best part is that there are NO FEES charged to you, the lender will pay for all of the legal costs associated with your transfer!

Contact us today to take advantage of this tremendous opportunity, and consider it an early Christmas gift!

Helping Canadians save money on their mortgages every day,

James C. Tworek and the Trimor team!

403.802.7207 begin_of_the_skype_highlighting 403.802.7207 end_of_the_skype_highlighting

www.TrimorMoney.com

www.CalgaryMortgageBlog.ca