Category: Financial Institutions

shocked-women

MORTGAGE PAYMENT OPTIMIZATION (Secret 4 of 5)

Mortgage payment optimization at its core is simply increasing your regular mortgage payment to prepare for potential interest rate increase at the end of your mortgage term and protects you from against payment shock.

angry-women

THE PENALTY COVER UP Mortgage (Secret 3 of 5)

Canadian mortgages are all set up with a specific term, usually five years, a mortgage penalty happens when you change the terms of that mortgage before the expiration of that term.

secret

THE POSTED RATE SCAM MORTGAGE (Secret 2 of 5)

This is one of the biggest scams in the mortgage industry, and in my opinion (and many more in the industry) the posted rate at the time when you received your mortgage should have no impact on how much your penalty is.

secret

5 SECRETS THE BANK DOESN’T WANT YOU TO KNOW ABOUT YOUR MORTGAGE (Secret 1 of 5)

No seriously, rate IS NOT everything… here’s why:
There’re many other features of a mortgage that have proven to be far MORE important. If you look deep in the fine print of every lending institution you will find many differences between each banks terms, conditions, and fee schedules that will have a significant impact on the total cost of a mortgage.

rate-dice

Why Are Mortgage Rates Rising?

Fears over the COVID-19 pandemic and plummeting oil prices have caused mortgage rates to plummet to multi-year lows over the past couple of weeks.

didn't find what you are looking for?

search again

About

East Coast Mortgage Brokers is Newfoundland and Labrador’s premier mortgage company. Founded in 2010, we work with Canada’s top lenders to ensure our clients get the best deal for their mortgage.