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Transfers without traditinal income confirmation

Every time your mortgage term is up, you have the option to renew with your current lender or you can switch to another lender if they are offering you a better rate or more suitable product. The statistics are staggering as to how many people simply renew with their current lender when they could have gotten a better rate and saved thousands of dollars by switching to another lender or least negotiating a better rate with their current one. The main reason why many choose to stay with their current lender is because they generally have to re-qualify if they switch lenders. We now have access to a lender who has great rates and they are current offering a simplified transfer in program. Here are the program requirements:

·         No new money is being added (so no capping of penalties/fees)

·         Valid CMHC or GENWORTH Insurance

·         All Applicants at current employer for min 2 years (please note this is not for Stated Income clients)

·         The Employer on the application matches the Credit Bureau

·         Min beacon score of 650 required

 
It is worth it to explore your renewal options. For more information on this program or for any mortgage related questions, please feel free to contact me today

http://www.christinebuemann.com

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  1. Thanks for sharing this blog. Are you looking for a licensed mortgage broker? Look no further than Mortgage Paradigm. We offer comprehensive services to help you get the best mortgage deal possible. For more info, visit our website.

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