Mortgage Types - Cash Back Mortgages

Kelleway Mortgage Architects

Get CASH when you get a mortgage

Cash back mortgages give you the flexibility that extra cash can provide. The amount of cash back is based on the size of the mortgage and the length of term you choose.

But you must be very careful. Some of the promos used by banks to entice you to take a mortgage may seem very appealing but the long term effect could be costly.

For example, a 5% cash back may seem great on closing, but a 1% discount in your rate may save you considerably more over the 5 years. It is important to look at the numbers. I have the systems available to compare your options and ensure you get the mortgage that fits your needs best.

Some clients can qualify for cash back at the maximum broker discounted rates, which is an excellent way to pay down higher interest rate debt.

Give Kelleway Mortgage Architects a call at 604 476 0053  or tollfree 1 866 476 0053 or e-mail me at glen@mtgitright.com to crunch the numbers and make it work for you.