Your mortgage renewal is an opportunity to review your finances, check the market, and find a new agreement that truly fits your life today. […]
Read More… from The Mortgage Renewal Process: A Step-by-Step Guide
You can often start your mortgage renewal process up to 120 days (or four months) before your current term officially ends. […]
If you don’t renew your mortgage on time, your lender may place you into a new term with a much higher interest rate or, in some cases, could demand full repayment of the loan. […]
Read More… from What Happens If You Don’t Renew Your Mortgage?
The key to a successful renewal is to proactively shop around and negotiate for terms that work for you. […]
Not all mortgages are created equal. Many of the intricate details are hidden in the terms of your contract, which can make life for mortgage holders confusing and stressful. But it doesn’t have to be that way. At Mortgage Connection, our entire story is built on providing clarity. This guide provides a clear checklist to […]
Reverse mortgages can often be misunderstood, surrounded by myths that can make homeowners hesitant to explore them as a financial option. Whether you’re planning for retirement, supporting family members, or simply looking to improve your lifestyle, a reverse mortgage can be a powerful tool when used wisely. Our team at Mortgage Connection wanted to tackle […]
Understanding your mortgage statement can be a common challenge when navigating a new home purchase. This can make life for mortgage holders confusing and stressful. We want to help you feel clear and confident about your finances, which is the core of our mission at Mortgage Connection. Mortgage Statement Definition: A mortgage statement is a […]
Mortgage Balance Definition: Your mortgage balance, or remaining balance, is the total amount of money you still owe on your home loan at any given time. […]
Key Takeaways Locking in a Variable Rate Mortgage Variable-rate mortgages can be appealing when interest rates are low because they can allow you to pay off your mortgage faster. You may choose a variable rate when renewing your mortgage or as a first-time buyer finding the right mortgage for you. Variable rates offer more flexibility […]
TDS ratio is the percentage of your gross monthly income that goes toward housing costs and other debts—like car loans, credit card payments, and personal loans. […]
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