Mortgage Transfer Case Study

General Kimberly Coutts 10 Mar

As you know, my personal newsletter isn’t mortgage focused all the time but this was too good not to share.  And if you’re wanting to go straight to the monthly draw and check it out, head to the bottom of the email.  One lucky female whether it’s you or the woman in your life will win one month of Personal FitnessTraining.

Recently I was speaking to a colleague of mine who helped a client transfer their existing mortgage from a major bank into a new mortgage with a lower interest rate AND money in their pocket!  It got me thinking that you likely know a friend or two who currently have a mortgage that is paying 3% or higher in interest rates and perhaps has one or two credit cards or a line of credit that might need to be paid off.  If this sounds familiar then I’d love to speak with them.

The cash back mortgage is right for those homeowners with mortgages up for renewal (if you’re half way through your term we can still chat); have additional high interest debt; they want more cash in their pocket at renewal time and a lower monthly payment.  If you’re planning on staying in your home for at least 5 more years then we should chat.  Wouldn’t you want 1% to 5% in cash back on your current mortgage?

See below for my Mortgage Transfer Case Study

Disclaimer:  Interest rate was 2.84% at the time of transaction however current interest rate is now 3.04% and subject to change.

Given it’s International Women’s Day today the monthly give-away goes to one of my lucky female readers!  If you’d like an opportunity to win this month’s giveaway – which is one month of beMOMSTRONG Monthly Programming from Lisa Lethbridge all you have to do is send me an email and say PICK ME in the subject header.  For the men, you can also enter the contest and win it for that wonderful woman in your life.
Lisa is a certified personal trainer and pre/post natal coach. She works with moms and women in Vancouver to help them gain/ regain their fitness postpartum.  She offers both in-person and online personalised programming.
The program is $75 per month which includes:
  • 3 x workouts per week (they are between 30-40mins long).
  • Coaching, feedback and accountability.
  • Workouts are a combination of strength and HIIT training – they are postpartum safe and also include a number of pelvic floor breath work and exercises.
  • Access to weekly zoom class – Wednesday at 11:30am (first class free for all non-members too!)
  • Facebook Community Group 
  • Content from postpartum experts
Good luck and if you’d think you might be eligible for a cash back mortgage drop me a line for a complimentary consultation.