- rehanmortgage@yahoo.com
- 2760 DERRY ROAD W,MISSISAUGA,ON L5N 3N5
- (416) 886-7070
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Why Rehan Siddiqui Mortgage
Thank you for considering our mortgage planning services. For most people, their mortgage represents their largest and lowest-cost debt obligation, and their home is generally their most significant asset. That’s why a mortgage plan is so important. The right mortgage plan can protect you from a financial downturn, save you thousands of dollars, and help build your wealth over time.
With access to a vast network of dozens of lending institutions – including major banks, credit unions, trusts and other national and regional lenders, We have the tools to build a customized mortgage plan, with the features and options that meet your needs, whether you are;
Whether you are: Purchasing, Investing, Looking or Refinancing
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Global Reach with Local Understanding
What is a fixed rate mortgage?
The interest rate on a fixed-rate mortgage is set for a pre-determined term – usually between 6 months to 25 years. This offers the security of knowing what you will be paying for the term selected.
How can you pay off your mortgage sooner?
There are ways to reduce the number of years to pay down your mortgage. You’ll enjoy significant savings by: Selecting a non-monthly or accelerated payment schedule Increasing your payment frequency schedule Making principal prepayments Making Double-Up Payments Selecting a shorter amortization at renewal
What is a variable rate mortgage?
A mortgage in which payments are fixed for a period of one to two years although interest rates may fluctuate from month to month depending on market conditions. If interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest. Open variable rate mortgages allow prepayment of any amount (with certain minimums) on any payment date.