More Than Just the Lowest Rate
When shopping for a mortgage, it’s tempting to focus only on the lowest advertised rate. But the truth is, the “best” mortgage is about more than numbers — it’s about flexibility, penalties, and long-term savings.
What to Look At Beyond the Rate
- Prepayment Privileges: How much extra you can pay each year without penalty.
- Penalty Calculations: Fixed-rate penalties vary by lender; some are much costlier than others.
- Portability: Can you transfer your mortgage if you move?
- Amortization & Flexibility: The right term and structure can save you thousands.
- Blend & Extend Options: Helpful if rates change before your term ends.
How to Secure the Best Deal
Strengthen your application by maintaining strong credit, lowering your debt ratios, and documenting your down payment. Then, compare options across multiple lenders — something I do for every client.
The Bottom Line
The right mortgage is the one that balances rate, terms, and flexibility to fit your life today and tomorrow. I’ll help you find it.
