Did you know that the average mortgage lasts barely 3 years, yet over 75% of mortgages are closed for 5 years or longer? 

Based on this stat, a lot of mortgage holders are paying some form of penalty when they refinance or payoff their mortgage early.  Compound this with the fact that today’s 3 year rates are ~ 0.20% lower then 5 year rates, and there are potentially significant savings to be had in a term shorter then 5 years!

Banks are renewing more than half their mortgages at posted rates. 

The posted 5 year rate is about 1.5% higher than discounted rates.   On a $250,000 mortgage that could cost an additional $17,000 over a 5 year term.   While you may be able to talk a bank into offering you discounted rates, we offer them by default without question!

So if you want to avoid potential penalties, and get the best mortgage at the best rate, Contact Us!