The Mortgage Monitor | Rate Protection Plan Canada

Unlocking Confidence: Meet The Mortgage Monitor - Your Assurance for Mortgage Rate Stability

The Mortgage Monitor

Mortgage Rate Insurance

As a homeowner, navigating the ever-changing housing market can be daunting. We understand the importance of securing the best mortgage rate and terms, so we’re thrilled to introduce the innovative Mortgage Rate Protection Program. With this program, you can confidently invest in your home, knowing that we’ve got your back every step of the way.

How The Mortgage Monitor Works:

Picture This: When you provide us with your mortgage information, we take care of the rest. The Mortgage Rate Protection Program involves us actively monitoring the market and contacting you when there is an opportunity to secure the best mortgage rate and terms.

Here’s a breakdown of how it works:

Expert Oversight: Regardless of your current lender, we will leverage our expertise to provide top-notch advice on optimizing your mortgage.

Savings Alerts: We will continually monitor the home mortgage market, and if the market shifts and an opportunity arises to save on your mortgage, we’re on it. We’ll promptly reach out to outline your options and keep you informed to help you make the best mortgage rate decisions.

Avoid Renewal Hassles: Forget the stress of searching for a new mortgage when your current one renews. Our program stays up to date on market trends, ensuring you automatically get the best terms at renewal. We will search across our network of 56 lenders, connect with you to check in and verify whether life events or other changes have altered your plans, and present the best options possible.

When was the last time your bank called you to say, “Hey, it looks like there is a great opportunity to save you money on your mortgage?”

I already know the answer - NEVER. They are focused on shareholder value rather than doing what’s best for you to save money!

Strategic Mortgage Choices for Smart Homeowners

Our Mortgage Rate Protection Plan isn’t just about saving money; it’s about making strategic choices for your mortgage. You can focus on enjoying your home and life by avoiding the hassle of searching for a new mortgage every few years, knowing that we are monitoring your current mortgage.

Variable Rate Savings Calculation - Putting Numbers to Savings

To give you a glimpse of the potential savings, let’s consider a scenario: a $500,000 mortgage with a current rate of prime - 0.30% and three years left. An offer comes up at prime - 0.70%. This translates to approximately $6,000 in savings over the remaining three years.

Even with associated costs such as penalties, legal fees, and appraisal charges of approximately 1%, you would net approximately. $1k in savings. The Mortgage Rate Protection Program ensures you can make informed decisions by strategically weighing the costs and benefits.

Quarterly Updates for Your Peace of Mind

We believe in keeping you in the loop. Our quarterly rate insurance emails reassure you that we’re consistently monitoring your mortgage. Even if no opportunities for savings arise, you’ll be updated on the ongoing efforts to ensure you get the most out of your mortgage.  The best part is, our Mortgage Protection Plan costs $0!

That’s right.  This monitoring program does not cost you anything.  When you work with us, we will monitor the market and send you a quarterly update to help you make the decision that is best for you.

Your Mortgage, Your Future, Our Commitment

Our Mortgage Rate Protection Program is more than just a service; it’s a commitment to your financial well-being. We’re here to guide you through the complexities of the mortgage landscape, providing peace of mind and empowering you to make informed decisions about your home.

Are you ready to experience the benefits of The Mortgage Monitor Rate Protection Program? Take the first step towards financial confidence and schedule a call.

Your home’s financial future deserves the best mortgage rate, and we’re here to deliver it.

You deserve more from your home mortgage lender!

Most Canadians sign their mortgage and do not think about it again until renewal, and in a market where rates, programs, and lending rules can shift significantly between signing and maturity, that gap in attention can be costly.

Colin built the Mortgage Monitor because he believes his job does not end at closing. It is an ongoing commitment to keeping clients positioned for what comes next, whether that means flagging a refinancing opportunity, a rate improvement, or a change in circumstance that warrants a strategic conversation before the renewal letter arrives.

Colin Ballantyne is a Mortgage Agent Level 2

Licenced with BRX Mortgage (FSRAO Licence 13463, Licence ID M22000539), serving clients across Oakville, Burlington, Milton, Mississauga, and Ontario-wide.