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Need suggestions for cashback mortgages!

(1 post)
  • Started 3 weeks ago by shirleymaysonet

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  1. shirleymaysonet
    Member

    Hey

    Cashback mortgages are found to be an attractive option. For the cost of a higher interest rate, lenders will give the borrowers a certain percentage amount of their mortgage back.

    My sister is planning to renovate her home. She inquired me about this and I found it a good option. What is your opinion? Whether this is an intelligent decision or not requires doing the math and figuring out if the expense of the higher interest rate is more or less than the cashback offer. Are the interest rates so high?

    She wants to meet some companies helping with cashback mortgages in Canada ( http://www.mortgagesmortgages.ca/mortgage-types/cash-back/ ). Is it good to meet some mortgage brokers? I would like to know about this. Kindly respond. Thank you.

    Posted 3 weeks ago #

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