0
We buy houses, duplexes, townhomes, condos and multi-family residential properties that are any price, in any condition and in any location in Vancouver, BC, the Lower Mainland and Fraser Valley, BC. We provide immediate, convenient and flexible solutions to your property situation and have earned a reputation for fair dealing with 25 years of experience.
We can buy any house and in most cases in any condition in Vancouver BC, Squamish BC, Surrey BC, Delta BC, North Vancouver BC, Abbotsford BC, Tri Cities Area of BC, Langley BC, Maple Ridge BC, New Westminster BC, Pitt Meadows BC, Burnaby BC, Richmond BC, West Vancouver BC, White Rock BC and Chilliwack BC.
604-812-3718
Suite 200 – 100 Park Royal South, West Vancouver, BC, Canada, V7T 1A2
We are happy to serve you
GVCPS Take Over Mort...
Wiki User
∙ 10y agoSomeone can get a lower mortgage payment by refinancing your mortgage on your home, or by extending your mortgage longer to pay less each month, but pay for a longer time.
Add your answer:
Earn +20 pts
Where can one get information on how to get a lower monthly payment on a mortgage?
There are many ways in which one can gain information on how to get a lower monthly payment on a mortgage. The most reliable way is to go to your bank for advice.
Why would a person want to remortgage their home?
Remortgaging a home can lower a monthly house payment. With today's lower interest rates one can save hundreds monthly on a mortgage. Shortening the mortgage term is another reason to remortgage. With lower interest rates one can keep the same mortgage payment, but the length of mortgage is shortened. While the monthly payment may remain the same, the overall term of the loan is decreased.
What is the best way for one to reduce mortgage payments?
The best way to have a mortgage payment reduced is to make sure you pay your mortgage payment on time every month or earlier if you can. You can also double up on payments and then contact lenders about a lower payment loan.
What are the advantages to refinancing your mortgage?
There are several advantages to refinancing one's mortgage. Some of these include: refinancing can lower one's monthly payment, it helps manage one's credit, and it helps one pay off their mortgage sooner.
Which of the following financing options will take the longest amount of time to pay off the mortgageA.Balloon mortgage with balloon payment paid in fullB.Balloon mortgage with balloon payment refinanced at lower rateC.30 year fixed mortgage D.7/1 ARM?
B. balloon mort with balloon payment refinanced at lower rate
What are some expert tips regarding how to lower your mortgage?
There are many tips that one could give in order to lower one's mortgage payment. The best way that one could lower one's mortgage payment could be to refinance the mortgage.
Where can one get information on how to get a lower monthly payment on a mortgage?
There are many ways in which one can gain information on how to get a lower monthly payment on a mortgage. The most reliable way is to go to your bank for advice.
Why would a person want to remortgage their home?
Remortgaging a home can lower a monthly house payment. With today's lower interest rates one can save hundreds monthly on a mortgage. Shortening the mortgage term is another reason to remortgage. With lower interest rates one can keep the same mortgage payment, but the length of mortgage is shortened. While the monthly payment may remain the same, the overall term of the loan is decreased.
What is the best way for one to reduce mortgage payments?
The best way to have a mortgage payment reduced is to make sure you pay your mortgage payment on time every month or earlier if you can. You can also double up on payments and then contact lenders about a lower payment loan.
How can i Lower my Mortgage Payment?
One option to shorten your mortgage payment, is to pay larger sums. This will allow you to take some money off of your principal, essentially lowering your overall interest.
What are the advantages to refinancing your mortgage?
There are several advantages to refinancing one's mortgage. Some of these include: refinancing can lower one's monthly payment, it helps manage one's credit, and it helps one pay off their mortgage sooner.
Where can one go to calculate a mortgage payment?
There are mortgage calculators online. Most typically one can find a mortgage payment on Bankrate. One can also contact any local bank to help them determine a mortgage payment.
Which of the following financing options will take the longest amount of time to pay off the mortgageA.Balloon mortgage with balloon payment paid in fullB.Balloon mortgage with balloon payment refinanced at lower rateC.30 year fixed mortgage D.7/1 ARM?
B. balloon mort with balloon payment refinanced at lower rate
Will you need a higher down payment to get a mortgage with bad credit?
Yes, a higher down payment is typically needed to get a mortgage with bad credit. A down payment of 25% or more will help to get a lower interest rate.
What is the definition of 'senior mortgage'?
A 'senior mortgage' is the first mortgage placed on a property. If one re-mortgages one's house, then that becomes known as a 'junior mortgage'. Payment of a senior mortgage always takes precedence over payment of a junior mortgage.
How does a cheaper insurance on my mortgage affect my escrow?
It would result in a slightly lower payment.
How do you explain what a refi is?
Refinancing your mortgage. Common reasons would be for a lower interest rate. Typicaly, to make it worthwhile, it would have to be for a half an interest point or more. Some people roll other debts into a new mortgage so they have one payment. Refinancing your mortgage. Common reasons would be for a lower interest rate. Typicaly, to make it worthwhile, it would have to be for a half an interest point or more. Some people roll other debts into a new mortgage so they have one payment. Refinancing your mortgage. Common reasons would be for a lower interest rate. Typicaly, to make it worthwhile, it would have to be for a half an interest point or more. Some people roll other debts into a new mortgage so they have one payment.
