Picking a lender? It’s not always about rate

Written by: Andrea Jolly


If you are buying your first home, chances are you are going online to check out mortgage rates. The big
question most people have is “should I choose fixed or a variable rate mortgage”? And while that is a big
decision, it isn’t the only one you should be thinking about.

Each lender has their own rules and restrictions when it comes to pre-payment and penalties. Knowing
the difference could save you thousands.

How are penalties calculated you ask? Here is a scenario comparing two lenders with the same rate.

Let TheRedPin Mortgage Team review all of your options before you make this important decision.

All Posts

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly