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Tips for reducing the overall cost of your mortgage

from Street Capital Bank of Canada

Getting a mortgage can be overwhelming, but it doesn't have to be. Street Capital Bank of Canada has put together some options that can help reduce the overall cost of your mortgage so that you can own your home sooner!

1. Use your promotional mortgage rate. As a PAC Member, unlock preferred mortgage rates with PAC's exclusive mortgage provider, Street Capital Bank of Canada.
2. Buy what you can afford. When it comes to buying a home, many people struggle to stay within their budget. Before you begin the house-hunting process, use Street Capital's free online mortgage calculators to find out how much you can afford.
3. Maximize your down payment. One of the best cost-cutting measures that you can take is to maximize your down payment. Not only will you owe less, reducing the overall interest you pay, but you'll avoid having to pay mortgage loan insurance premiums — a fee buyers pay for the privilege of putting less than 20 per cent down on a home.

To learn more or to get started on your mortgage application, visit streetcapital.ca/pac or call 1-855-793-0427 to speak with a Street Capital Mortgage Specialist today! more


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