Why, And How Often, Should You Review Your Mortgage?

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Why, And How Often, Should You Review Your
Mortgage?
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• A mortgage is likely to be one of the biggest
  expenses of your life, and a major financial
  investment, but once youve found the right one
  for you, whos to say that it will remain the
  right one for you, years down the line? With such
  a big chunk of your money being expended
  annually, it pays to be sure that youre still
  getting the best rates, and the best of way of
  doing this is to engage with a broker who can
  help you conduct a review of your current
  mortgage. Some refer to this as a home loan
  health check, but whatever you choose to call it,
  carrying out a review of your current mortgage
  could help you take advantage of new market
  conditions, and potentially save big in dollars

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• How likely are you to save money with a mortgage
  review?
• Engaging with a broker and switching mortgages
  could lower the amount of interest you pay and
  give you access to other attractive loan
  features, such as a lower annual package fee.
  Depending on your existing mortgage, the
  paperwork required for a comprehensive review
  should be minimal in comparison to what you might
  be able to save. When adding up the associated
  costs of switching mortgages - which your broker
  will help you to do you need to think carefully
  about the payback period how long it will take
  you to recoup the cost of switching. Some
  homeowners switch lenders and quickly make the
  cost back, while for others, it might take a few
  months or even longer.

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• How often should you conduct a mortgage review?
• One way of looking at a mortgage review, is to
  think of it as a tax return and do it annually.
  Markets change and trends come and go, and the
  only way of staying abreast of these is by
  reviewing your mortgage, and the more often you
  do it, the more likely you are to take advantage
  of any savings.
• Reviewing your mortgage has the potential to save
  you hundreds of dollars, but its important to
  get the right advice and guidance when doing so.
  An experienced mortgage broker will have in depth
  knowledge of all the latest changes to the
  lending market, and all the current trends, and
  can give you advice that is tailor made to fit
  your financial circumstances.

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• How often you conduct a review is up to you, but
  with expert help, its a simple process that can
  easily be carried out once a year.
• Mortgage-broker-Calgary is your best resource for
  finding a mortgage for your property. Luke Wile,
  is the best calgary mortgage broker and is proud
  to serve clients from across Canada, while being
  centered in Calgary, Alberta. Luke is proud to
  serve his clients with a personalized approach to
  finding his clients the best and lowest Canadian
  interest rates and terms offered by the major
  banks and private lending institutions. If you
  are looking for mortgage broker in Calgary, with
  Luke Wile you can get fast and personal expertise
  for your mortgage!