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26 Mar

USING YOUR EQUITY TO SAVE MONEY – PART ONE!

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Posted by: Tom Imrie

USING YOUR EQUITY TO SAVE MONEY – PART ONE!

THE MORE HOME YOU OWN, THE LOWER INTEREST RATE YOU QUALIFY FOR

Buying a home can be stressful, and many people worry about the value of their homes going down. For the last decade, purchasers have been rewarded for taking the plunge, including here in Oshawa.

How do you take advantage of this value you have created?

Although the big banks do not use this same lending strategy, many Mortgage Companies offer rates based on how big your mortgage is compared to the value of your home (Loan to Value).

The best rates are for homes where the mortgage is for less than 65% of the value of the home.

Will this work for you and save you money?

Call or email me to discuss your situation.

tomimrie@dominionlending.ca

 

Tom Imrie
Mortgage Agent Lic # M1000486
Dominion Lending Centres Alliance
FSCO #12063
Independently Owned and Operated
Cell#416-818-7213
Toll Free 877-333-4983 ext. 702
Fax: 877-333-4983