UPDATE FROM PARTNER MORTGAGE ADVISOR

Mortgage Advisor

Verico Paragon Mortgage Inc

Cell 778-245-8918

Email katie@aspirefinancing.net

227 – 5589 Byrne Road Burnaby, BC V5J 3J1

www.AspireFinancing.net

Featuring one of the mortgage products which allows to reduce monthly payment amount.

WHO MAY BE INTERESTED

The professional

Living in a market with high real estate prices and want manageable monthly payments.

The first time homebuyer

Wants more monthly cash flow to help pay off other high-interest debt.

The seasonal or shift worker

Has cyclical or seasonal work and wants lower payments that fits irregular cash flow.

The investor

Owns multiple rentals and wants to keep mortgage expenses low.

The planner

Has goals to improve wealth and can put the extra monthly cash flow towards investing opportunities.

The enthusiast

Looking for lower monthly payments to save for home renovations and improve property value.

The product blends interest only and conventional mortgage allowing considerably less monthly payment amount than standard mortgages. Here are the demand criteria:

  • Interest only or a combination of interest only and conventional mortgage products
  • 30 years amortization for either portion of the product
  • Option to choose between highly competitive variable or fixed rates for both portions
  • Eligibility to pay lumpsum annual privilege payments
  • Convert from interest-only to conventional mortgage at any time
  • 20% Downpayment

EXAMPLE FOR ILLUSTRATION PURPOSE ONLY

MONTHLY CASH FLOW SAVINGS – $432.36

Please don’t hesitate to contact Katie Shenyk to see if this program is a good fit for you. The payment calculation is based on comparable interest rates basis prime 3,95%. The qualification for the program is based on full underwriting.

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