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Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

A Cash Back Mortgage Can Cover Your New

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

A cash back mortgage can cover many of your ne

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

Buying a house or even renovating can be expensive, causing money shortages and potential issues if unforeseen expenses arise. If you are a first time home buyer, this mortgage strategy might be right for you.

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

Simply put cash back mortgage allows for a certain amount of the mortgage amount to be given back to you after closing. The money can be used for legal fees, moving expenses or possible renovations.

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

A variable rate mortgage is attractive because it’s normally less expensive than a fixed rate mortgage, over the long term. There are, however, risks involved. Because this type of mortgage is based on the Prime Rate, fluctuations in that rate may cause a homeowner to pay more on their mortgage. A fixed rate or closed mortgage, on the other hand, stays set for the duration of the mortgage term. Although this type of mortgage has historically cost homeowners more over the long term than an adjustable rate, it can ease budget concerns for homeowners with less financial “wiggle room.”

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

The amount offered in today's market go as high as 3% of the mortgage amount but these mortgages do come at a premium as lenders will charge a higher fixed interest rate. The ability to qualify for a cash back mortgage will depend on credit score and the ability to debt service the mortgage at the higher interest rate. Cash back mortgages also have a different penalty system as if you break the mortgage before the end of the term you will owe part of the cash back monies back to the lender.

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

Brokers For Life offers cash back mortgages in Alberta, BC, Manitoba, Saskatchewan and Ontario.

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


Brokers For Life

Toll Free 1.866.902.7771

Real Life Mortgage Solutions www.brokersforlife.ca

THANKS FOR VISIT US !! Know More Please Click Here http://www.brokersforlife.ca/

Verico Brokers For Life Inc. 106, 8704 - 51 Avenue Edmonton, Alberta T6E 5E8

www.brokersforlife.ca


A Cash Back Mortgage Can Cover Your New Home Expenses – And More