get more for your money $$
TRANSCRIPT
YOUR NEIGHBOURHOOD MORTGAGE PROFESSIONALS LTD.
GET MORE FOR YOUR MONEY
HELLO, my name is Terrilyn Moore and I am a Mortgage Agent. I have been arranging mortgages for people since 2007. I also worked as a Law Clerk for over 15 years before becoming a Mortgage Agent.
I have a family with 3 very active children. I love baseball, hockey and spending time with my family up north at our trailer.
You may have come across my name before, I am a member of the Brantford Chamber of Commerce since 2010;
I am a weekly advertiser in the homes section of the Brantford Expositor;
I also volunteer for the Brantford Major Midget AA Hockey team; and,
I am the Vice President for the Grand River Gymmies Gymnastic Club for 4 yrs.
I am in the business of getting people money for their house.
Today I want to share with you how to GET MORE FOR YOUR MONEY
with your mortgage
MORE SPECIFICALLY WE ARE GOING TO COVER :
HOW TO PAY OFF YOUR MORTGAGE FASTER;
HOW TO SAVE THOUSANDS OF DOLLARS ON YOUR MORTGAGE EVERY YEAR;
THE 3 BIGGEST MISTAKES YOU CAN MAKE WITH YOUR MORTGAGE;
HOW TO PICK THE RIGHT PRODUCT FOR YOU RATHER THAN JUST
GET THE LOWEST RATE;
HOW YOU CAN TAKE IT FURTHER AND “GET MORE FOR YOUR MONEY” WITH YOUR MORTGAGE.
THINK ABOUT YOUR FAMILY DOCTOR AND YOUR HEALTH GOALS. YOUR DOCTOR KNOWS YOU AND YOUR MEDICAL HISTORY AND CAN GUIDE YOU TO A LONG HAPPY AND HEALTHY LIFESTYLE FOR YOU AND YOUR FAMILY.
.
THINK OF YOUR MORTGAGE BROKER AS JUST THAT. SOMEBODY THAT KNOWS YOU, YOUR GOALS AND YOUR FINANCIAL HISTORY AND CAN GUIDE YOU AND YOUR FAMILY THROUGH THE LIFETIME OF YOUR MORTGAGE AND HOME OWNERSHIP.
NOW LETS TALK ABOUT HOW TO GET MORE FOR YOUR MONEY :
John & Tracy are your typical family that went to the bank to get their mortgage.
They had their mortgage with the bank.
They were paying posted rates (the rate the bank offered them).
They were also paying monthly payments (instead of bi-weekly payments).
TO PAY OFF THEIR HOME FASTER!!!!
GOAL…
CURRENT MORTGAGE
NEW MORTGAGE
MORTGAGE AMOUNT
$200,000.00 $200,000.00
INTEREST RATE
5.34% 3.49%
MORTGAGE PAYMENT
$1,202.22 per month (amortized over 25 years)
$997.40 per month (amortized over 25 years)
SAVING $0.00 $204.82
$2,457.84 (yearly)
SCENARIO
What we did:
We changed their monthly mortgage payments from monthly to bi-weekly.
That means John and Tracy will pay off their mortgage 2 years faster for each term.
If John and Tracy continue with bi-weekly payments for all of their mortgage terms they will be mortgage free in 15 years vs. 25 years originally.
John and Tracy will save $61,000.00 over their mortgage lifetime by making these small changes.
3 OF THE BIGGEST
MISTAKES PEOPLE MAKE…..
#1. JUST GOING TO THE BANK
Bank Employees work for the bank and sometimes but you in a product that makes their employer lots of money and are not in your best interest.
WORK WITH A TRUSTED ADVISOR THAT EDUCATES YOU AND IS WORKING WITH YOU AS A PARTNER UNTIL YOU ARE MORTGAGE FREE.
#2 JUST GOING FOR THE LOWEST RATE
sometimes there are fees; no flexibility in payment; huge penalties to get out; totally locked in and unaware that the mortgage is
not portable if you sell and buy another place.
#3BEING HOUSE POOR
too often Canadians get a mortgage based on what they are qualified for and not what they can afford;
Consider the lifestyle you will lead and then measure if the house and payments are workable for you and your family or if the house payments are too much.
WHY NOT WORK WITH A TRUSTED ADVISOR THAT EDUCATES YOU AND IS WORKING WITH YOU AS A PARTNER UNTIL YOU ARE MORTGAGE FREE?
WOULD YOU LIKE TO GET MORE FOR YOUR MONEY?
IF SO …
CALL TODAY TO GET MORE FOR YOUR MONEY AND START YOUR FINANCIAL FREEDOM!
TERRILYN MOORE, AMP
MORTGAGE AGENT
519-909-7302