| Services: | Refinancing | Home Purchase | Home Equity |
| Mortgage Brokers | Construction / Commercial | Borrow Wisely |
Borrow Wisely
Borrow within your income and budget
Compare your current monthly loan payments and the proposed loan payments with your monthly income. Evaluate the difference between the money you have left over to live on now and how much you will have after the new loan.
Borrow for the right reasons
A home purchase, home improvement, refinancing to pay off other debt and lower your monthly payments or to take advantage of lower rates are all good reasons.
Maintain current loans
If you are refinancing an existing loan, keep making payments on the existing loan and any other loans or debts you are paying off until your new loan is closed. Not making loan payments on time may adversely affect your credit record.
Know your rights
If you are refinancing your primary residence, you can change your mind, even after you have signed your loan documents. You have up to three business days to change your mind and cancel the loan after signing.
Don't be pressured
If for any reason you are not sure about the terms of your loan, take time to review your documents. Ask questions. Don't be afraid to say "no" to lenders or brokers who try to rush or intimidate you. Trustworthy brokers will work with you to answer all your questions and resolve problems.
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