Millennial’s Choice works with many different Lending institutions including Major Banks & Alternative Lenders to provide our clients with exceptional mortgage services while establishing lifelong relationships. We take the stress of shopping around for a good rate & Mortgage product off your mind by doing it for you! Our rates are extremely competitive because we dedicate time to understand our client’s needs. We provide our clients with a variety of services including:
• Refinance/Equity Take-out,
• Renewals &
• Borrowed Down-payment
FSRA Lic. #12899
PROUD TO WORK WITH
Upon getting to know our clients, we develop a strategy & map out a long-term plan that ensures successfully making a purchase. We work smarter by Pre-Approving all of our clients prior to making any purchase. This enables us to determine how much our clients can afford & narrows down the search for their perfect home. With the financing in place, our clients can make their purchase with ease & confidence.
We thrive on building relationships with Mortgage Underwriters, Business Development Managers & Lenders in order to ensure that our clients receive the highest level of service. In turn, we have a strong presence & a solid reputation in the Mortgage Industry.
Refinance/Home Equity Line of Credit (HELOC)
Refinancing allows our clients to access the Equity that has been growing over the years in their property. When refinancing, the principal portion of the mortgage will increase. Equity can be withdrawn in the form of cash or as a HELOC. These funds can be used to invest in Real Estate &/or Mortgages.
A HELOC is the equity in a property in the form of a Line of Credit. The difference is this Line of Credit is secured against a piece of Real Estate. This provides the Lender with more security which in turn provides clients with a much lower interest rate than traditional Lines of Credit.
HELOCs can be used to:
Invest into Real Estate &/or Mortgages;
Pay off high interest debts; &
Upgrade your home.
To learn more about HELOCs & other related Mortgage products, register on our website & one of our Mortgage Specialists will be in touch!
Take Control Of Your Debt
Credit Cards & Unsecured Loans accumulate interest at an extremely high rate. In addition, the maximization of Credit Cards/Loans negatively impacts an individual’s credit. This affects their ability to borrow more credit including a Mortgage. By tapping into equity & paying-off Credit Cards & Loans, Mortgage payments slightly increase as the debt is consolidated into one easy payment every month at a much lower Interest Rate.
The example below will demonstrate how our clients save money, clear their debt & as a result, build their credit:
Credit Card#1 Balance = $6,000
Credit Card#2 Balance = $4,000
Unsecured Loan Balance = $2,000
Total Debt = $12,000
Interest for Debt: $12,000 * 24.99% = $3,000 (rounded)
Monthly Payment = $250 (rounded)
Debt Consolidation Interest: $12,000 * 2.49% = $300 (rounded)
Monthly Payment = $25 (rounded)
Savings of $225 every month! = Savings of $2,700 a year!
Mortgages – Home Equity Line of Credit (HELOC)
A HELOC is the equity in a property in the form of a Line of Credit. The difference is this Line of Credit is secured against a piece of Real Estate. This provides the Lender with more security which in turn provides clients with a much lower interest rate than traditional Lines of Credit. HELOCs can be used to:
• invest into Real Estate &/or Mortgages;
• pay off high interest debts; &
• upgrade your home.
Click Below And One Of Our Mortgage Specialists Will Happily Guide You Through The Debt-Consolidation Process!
Renew Your Mortgage
Extend or Renew Mortgage Terms with a current Mortgage holder doesn’t always work. We negotiate better deals for all of our clients at the time of their renewal! With access to ten different banks, credit unions and private lenders, we are confident in our ability to help all of our clients secure a better deal with a different lending institution.!
Consider a mortgage with a higher payment in order to pay it off sooner. When interest rates decrease, we examine all of our client’s situations to see if they would benefit from a lower rate. Millennial’s Choice works with many different Lending Institutions to deliver the perfect Mortgage for our clients!