SWITCH & SAVE

It’s time to shop your mortgage FOR FREE and we make it EASY!

We start shopping our client’s mortgage 6 months prior to maturity and place them on Rate Watch under our Rate Protection Plan.

Rate Protection Plan


(6 months prior to renewal)

With our Rate Protection Plan 180, this allows you to lock in your interest rate for 120 days which will prevent it from rising, but in the event the rates decline or level off also allows you get a lower rate and extend your closing. That’s right. Lock in a rate to protect yourself if rates increase, but if rates dip or trend down then we’ll adjust your closing and your rate to match the market and move you from lender to lender if the need arises. There’s no catch and there are no additional fees.

As a worst scenario, if you are 180 days from your renewal date and the rates start to rise, at that time we reserve that rate for 120 days. Assuming the rates continue to rise, at closing you will only have to pay the interest to maturity of 60 days to your current lender. Before you close, we present your options and you make the choice to continue or readjust with the market until your true maturity. If rates were to rise even by a quarter percent (¼%), the saving may be well worth the cost of interest to maturity.

Ultimately, our goal would be to extend your closing to the actual renewal date, obtain the lowest rate for the chosen term, under our No Fee Transfer program.

Rate Protection Plan 120

With our Rate Protection Plan, this allows you to lock in your interest rate for 120 days which will prevent it from rising, but in the event the rates decline or level off also allows you get the lowest rate from now until closing. That’s right. Lock in a rate to protect yourself if rates increase, but if rates dip or trend down then we’ll adjust your rate to match the market and move you from lender to lender if the need arises. There’s no catch and there are no additional fees.

The process is easy:

1) You complete an online application or contact our office

2) We obtain the approval and present you with the commitment

3) We follow up with any missing documentation

4) We place you on Rate Protection Plan and watch the market

5) We confirm your closing details and you tell us to continue or not

6) Mortgage is transferred and you continue your payments with the new lender without changing bank accounts

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