Mortgages
 |
Buying the Home of Your Dreams?
Buying a home in today’s market is probably the most expensive and emotional transaction most of us will ever make. Steel & Glen can provide you the experience and expertise you require. Along with being your one-stop source for information on financing, buying or selling a home, we will give you the best rate and trusted service you deserve in today’s fast paced housing market.**
Contact US today to help you purchase the home of your dreams! |
|
|
Are You Living Paycheck to Paycheck?
Take control of your Finances... TODAY! By using the existing equity in your home, you can combine most or all of your debts - into one easy monthly payment. This can reduce your monthly payments, increase your monthly cash flow, reduce your interest charges and help you sleep better at night.
Don't have the "time" ? Then NOW is the time. We can have you on the road to financial freedom, quicker than you think!**
|
|
|
Your Sitting on a BIG Pile of Money!
With the recent Real Estate "Boom" in Saskatoon, chances are you have a bunch of equity in your home - JUST SITTING THERE! Take advantage of it and Refinance today. You worked hard for your equity, now let it work for you. Finish or start that renovation, take that DREAM vacation, drive away that NEW car.
You can also set up a HOME EQUITY LINE of CREDIT, to access funds whenever you need them.**
|
Open Mortgage
An open mortgage allows you the flexibility to pay off some or all of the mortgage at any time, without a penalty. Interest rates are usually higher and are tied to the Bank Prime.
Closed or Fixed Mortgage
A closed or fixed mortgage offers you the security of locking in your interest rate for the term of your mortgage, so you know exactly how much principal and interest you will be paying on the mortgage during the term. Terms range from 6 months through to 10 years.
Many lenders will allow prepayments of up to 20% of the balance annually without a penalty. If the mortgage is paid off in it's entirety before the end of the term, most lenders will collect a fee of three months interest or charge the lost interest to the end of the term.
Variable Rate Mortgage
A variable rate mortgage allows you to take advantage of today's low Prime Rates. The interest rate fluctuates in relation to the 'Prime Rate'. Lenders compete by offering various discounts below the prime rate. Payments may be fixed for up to 5 years although the rate of interest will always fluctuate according to Bank Prime. If the Prime rate climbs you pay more interest and if the prime rate descends you pay off more of the principal.
**oac
|
