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At the point when a mortgage holder has accessible value in their property, which means they have reimbursed a specific level of their first home loan, they are qualified for a moment contract as another methods for financing. With a moment contract, the property proprietor's house is utilized as security for the moneylender, who requires affirmation that the borrower is fit for reimbursing the two advances. For more information about second home loan visit: https://www.amanduggal.ca
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AMANDEEP DUGGAL MORTGAGE BROKER
ABOUT US • Amandeep Duggal Mortgage Broker has years of experience supporting his clients and negotiating with mortgage lenders. As your personal mortgage broker, he’ll always put you and your budget first. Whether you’re purchasing your first home with your first mortgage, taking out equity from your home with a home equity mortgage, or refinancing your first or second mortgage, Aman can help you with even your most complicated mortgage needs. Don’t go through this challenging process alone. Instead, get the professional and experienced advice you need to make smart, careful and cost-effective buying decisions. Call Amandeep Duggal Mortgage Broker today for a free consultation about your mortgage needs. We will be happy to help!
Mortgage Refinancing • When you applied for your original mortgage, you may have agreed to an interest rate and repayment terms that are no longer ideal. Fortunately, you are not committed to the terms of your original mortgage forever. Consider refinancing your mortgage to secure more favorable loan terms and a better interest rate. You could save money and significantly improve your long-term financial outlook. Although a new mortgage can be a big advantage, mortgage refinancing isn’t for everyone. Before you choose new mortgage financing, contact Aman for a free consultation.He’ll help you understand the process and weigh your options for refinancing. As an experienced mortgage refinancing broker, Aman will make sure you make the smartest choice for you, your budget and your long- term plans. •
What is mortgage refinancing? • Mortgage refinancing occurs when you replace the current mortgage or mortgages on your property with a new mortgage, which typically has more favorable terms than the original loan you received. If you choose to refinance your mortgage, you will initiate a new mortgage application process. When approved, the new mortgage is used to repay to original mortgage(s), while you agree to the terms of the new loan. Refinancing your mortgage can be even more complicated than choosing your first mortgage. Before starting the process, you want to be certain your timing is right by regularly evaluating the market rates in your area. You also want to choose the right type of loan that suits your financial situation and refinancing goals, whether it’s a fixed-rate mortgage or an adjustable rate mortgage. After careful research and weighing your options, you will choose the best mortgage refinancing company for your new loan and submit your application. •
Is mortgage refinancing right for you? • If your timing is right, mortgage refinancing can come with several advantages. Let’s consider some of the benefits of refinancing your mortgage. Lower interest rates. You might be motivated to find new home financing when you notice interest rates are dropping, yet you’re locked into your current mortgage interest rate. Even if you’re penalized for breaking the contract with your original mortgage financer, refinancing for a lower rate could save you a lot of money in the future. Secure your interest rate. If your current interest rate isn’t long-term, you could see your interest rate rising in the future. When refinancing your mortgage, you can lock in a longer-term rate and give yourself more security. Consolidate your debt. If you’re juggling multiple loans with different interest rates and complicated payments, mortgage refinancing will give you the option to combine your large debts, including auto loans and credit cards, into one loan with a single interest rate. This will simplify your debt management and it’s likely to save you money. • • •
CONTACT US • AMANDEEP DUGGAL MORTGAGE BROKER • Address: 6321 King George Blvd #102, Surrey, BC V3X 1G1 • Cell +1 (604) 227-9694 • https://www.amanduggal.ca