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  • Writer's pictureJD Lee Mortgage

Refinance Transaction - 30 year amortization, 3 year fixed rate, lower monthly payments




Refinance Transaction - 30 year amortization, 3 year fixed rate, lower monthly payments.



Initially, got it approved @5.44%, went back and forth with lenders for the last 3 months... @5.14%, and now @4.79% with $2000 cashback - Never try to do your mortgage yourself - Leverage experts bargaining power. Remember high volume brokers can get you a better deal.



Solution in the next 2-3 years - Clients will switch to other lenders once the market gets stabilized - Lock in lower rates!!



Clients purchased the property about a year ago and blindly took a mortgage broker's advice... went with 5 year variable, 25 years am, no questions asked.



With interest rates skyrocketing, he was asking around to find out a solution to lower monthly mortgage payment. Surprisingly, my clients were never informed that 30 year amortization was an option for him at all - it is so important for mortgage brokers to ask "right questions" and truly understand clients' needs.



JD Lee


Mortgage Broker


M: 1-587-968-1490



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