the mint mortgage crew

Are there penalties when renewing (refinancing) my mortgage early?

Almost all mortgages can be refinanced before the term you’ve agreed to is up, although the consequences of doing that can vary quite widely. Here’s some things that may affect the penalty you see when breaking your current mortgage. – Your mortgage is “open”. In the unlikely event that your mortgage is “open”, their shouldn’t be […]

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Why do I qualify for less if I am taking a variable rate?

When lenders qualify you for a mortgage, they look at a number of things. They’ll check your credit, income, assets and they’ll take the property you are buying in to consideration as well. When they determine how much you qualify for, they will look at your debt ratios. In simple terms, your debt ratio is […]

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