• AVOIDING “STICKER SHOCK” WHEN IT COMES TO MORTGAGE RENEWAL

    Jencor Mortgage    |   

    Categories: Annual Mortgage Review , Broker , Mortgage , Mortgage Review

    Imagine that, a few years from now, the time has come to renew your mortgage. Several years back, you got a $350,000 at the then great rate of 2.24%. Your mortgage payments are $1522 per month. Because we are now in what the financial brainboxes call “ an escalating rate environment “ – normal people just say rates are going up – when you open your renewal notice you might encounter the same feeling you get when you look at the price of a car you like. When you actually do look at the renewal notice, you see that the remaining balance on…

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