Frequently Asked Questions

When should I refinance?

It is best to start looking at interest rates about six months before your mortgage matures. Mortgage rates can generally be held for up to 120 days.

Should I get a fixed rate or variable rate loan?

This is more of a personal choice. With the Fixed Rate you know what your interest rate and payments will be for the duration of your term. With the Variable Rate you get a usually a lower interest rate, but payments and interest rate can fluctuate throughout your term.

What is the best payment plan?

There is monthly, semi monthly, bi weekly, accelerated bi weekly, weekly, accelerated weekly payments. People usually pick a payment plan that matches with their pay schedule with work. Some payments can pay your mortgage off sooner than others. I can help walk you through the best payment plan for you.

When should I refinance?

Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why homeowners refinance:

To obtain a lower interest rate
To shorten the term of their mortgage
To convert from an variable-rate mortgage (VRM) to a fixed-rate mortgage, or vice versa
To tap into home equity to raise funds to deal with a financial emergency, finance a large purchase, or consolidate debt