Why Prospect Tree Mortgages?

Save time and get a great deal

  • Use a broker. Brokers have access to special deals that they can pass on to their clients, and they know how to navigate the process of getting a mortgage, so you don’t have to worry about the details.
  • Get your finances in order first. A broker will help you get everything organized before applying for a mortgage, which means that by the time they start looking at lenders, they’ll be able to find one that offers great deals and low interest rates based on your needs and goals.
  • Find out what kind of loan is right for you. Different types of loans offer different terms—and having too much debt can affect whether an institution will approve another loan for you! A good broker will be able to tell which type of mortgages would work best for what kind of borrower situation so there’s no guesswork involved when it comes down making decisions later down road.

Let us do the legwork for you

You’ve got plenty on your plate right now, so let us do the legwork for you. We’ll find a mortgage that’s right for you, and make sure you get the best advice on how to pay it back.

Sell your current home and move to a new one

Once you’ve made the decision to sell your home, there are several things you can do to prepare.

  • Get an appraisal. It’s a good idea to have your house appraised before putting it on the market so that potential buyers know what they’re getting for their money.
  • Clean up and stage your home. Anything that could be distracting from the beauty of your house should be removed or hidden away, including clutter in closets, family photos or kids’ toys lying around, etc., and make sure all surfaces are clean! You don’t want potential buyers thinking about how long it will take them to get used to their new place!

Borrow more money from your current lender

This is another way that you can borrow money from your current lender, but it’s not as simple as the first option. To take advantage of this option, you must first have a good relationship with your current provider.

Pay off the mortgage early

If you have the money to do so, you can pay off your mortgage early. This might be a good idea if:

  • You want to lower your monthly payments and/or shorten the length of your loan.
  • You have enough cash on hand that paying off the balance would help achieve other financial goals more quickly (such as saving for retirement).

To pay off your mortgage early, you simply need to send in an additional payment each month—more than what is due according to the terms of your loan agreement. You may also be able to apply for a mortgage that allows you to make extra payments at any time during its term without penalty or additional fees; this may allow you greater flexibility when making those payments.

Change the term of your mortgage (the time it takes to pay off)

Changing your mortgage term can have a big impact on how much you pay each month, and how long it takes to pay off the loan. The two most common scenarios are:

  • Changing from a shorter-term mortgage (such as a 5-year fixed term) to a longer-term one (like 10 years). If you go from 30 years to 40 years, for example, this will lower your monthly payments but increase total interest paid. By paying more over time, it may take longer for you to pay off your mortgage entirely because there’s more principal left over each month after paying interest.
  • Switching from an adjustable rate to a fixed rate or vice versa—if this happens during an introductory period (when rates are low), then you could save money by getting locked into that lower rate for years at a time

Be careful when deciding on which type of mortgage is best for you.

The mortgage market is a complicated one, so it’s important to know what you are getting into. The best way to do this is by researching all of your options before making any decisions. There are also many different types of mortgages available, so knowing which one will best fit your needs will be helpful when making the process easier for yourself.

You should look into the following factors:

  • Know how much money you can afford each month.
  • Know how much house you want and need in order to live comfortably in your area.
  • Be aware of all the different types of mortgages available (fixed rate vs variable rate).

Conclusion

At the end of the day, whether you choose to renew with your lender or get a new mortgage elsewhere, your aim should be to make an informed decision. If you’d like a hand finding the best deal for you, let us know and we’ll do the legwork for you!

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