Success Story: Mortgage Review saves $14,000

From our most recent monthly newsletter:

With no interest rate announcements in November and no more election news that would affect housing, I wanted to change my usual email format and share a success story with you.

If you follow me on LinkedIn or Instagram, you know that I am always encouraging homeowners to reach out to me for a quick and complimentary mortgage review. Here is why:

Last month, a family contacted me after seeing my Instagram stories about breaking their current fixed-term mortgage to secure a lower interest rate. For the first time in a long time, breaking a fixed-term mortgage may come with a minimum penalty of just 3 months’ interest. This is a very rare and temporary opportunity to save big.

Here is what we achieved together:

• Reduced their mortgage from 5.49% to just above 4%.
• Lowered their monthly payments (more on this below).
• Saved ~$14,000 in interest payments over the next 4 years.

We didn’t stop there. We used a portion of their monthly savings to start RESP contributions for their child, which allowed them to receive an additional $500 in government funding annually (20% of the first $2,500 contributed)

By being proactive, this family is now receiving benefits of $4,000 per year – all because they took the time to review their mortgage with me.

Many do not know what they do not know. 

I would appreciate you forwarding this Blog Post to someone you think may benefit from getting a quick mortgage review.

The opportunities to save are everywhere. We just need to uncover them.

This is a temporary opportunity to find significant savings and I look forward to assisting as many families as possible.

For more information, please reach out:

Igor Morgun | Mortgage Broker

Email: igor@morgun.ca

Phone: 604-362-4467

Web: www.igormorgun.ca