Surrey Mortgage Broker Announces Mortgage Provider Services
(EMAILWIRE.COM, June 18, 2015 ) Surrey, BC -- Blue Pearl Mortgage Group is a mortgage service provider in Surrey."Many people over the course of their lives will need financial assistance, and that's what we do with our mortgage provider service," explains Nitesh Prakash, whose experience in the mortgage industry started more than a decade ago. "We offer the most suitable type of mortgage for potential homebuyers, and we also provide second mortgage options as well."
Mortgage agreements are not all the same, and that's why Langley mortgage broker, Blue Pearl Mortgage Group, experts offer invaluable assistance for homeowners so that they can decide on the most suitable terms for their mortgage agreements.
A mortgage can be open or closed, for example. "Closed mortgages are more popular these days, and that's because they involve lower rates," explains Prakash. "But homeowners are required to pay according to a strict schedule of payments. If they pay the entire principal of the debt ahead of schedule, they may have to pay a penalty that's equivalent to the total interest charge for three months."
Open mortgages, on the other hand, allow homeowners to pay back the entirety of the loan at any time. "This option requires payment of a premium, but those who are expecting a chunk of money soon from a work bonus or an inheritance may find this a more attractive choice," says Surrey mortgage company worker Prakash.
Mortgage rates may also be variable or fixed. For most people in Surrey, the popular choice is fixed rates. "This is the 'set and forget' mortgage, because homeowners know much they need to pay every month," points out Prakash. "Variable rates are usually lower than fixed rates, but that may change in the future because the rate is dependent on interest rate fluctuations."
But those who are already paying a mortgage can still use their home as collateral to deal with an unexpected major expense. "Our clients are usually those who need to pay for their children's university needs, who need to deal with a major medical bill, or who are planning to move to a new residence," reveals Prakash.
With the experts from this Abbotsford debt consolidation company, homeowners have options to buy the home they want or to deal with any huge financial expense. For further information, contact Blue Pearl Mortgage Group.
About Castle Communication Systems:
Blue Pearl Mortgage Group provides mortgage and debt consolidation services for their clients. They are located at 19949 56 Ave, Langley, BC, V3A 3Y2, can be reached by phone at 604-510-1367, and emailed at info@bluepearlmortgage.ca. To learn more, visit the Blue Pearl Mortgage Group website at www.bluepearlmortgage.ca/ and like their Facebook Page at www.facebook.com/bluepearlmortgage.
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