How a Mortgage Can Protect Your Summer Season

How a Mortgage Can Protect Your Summer Season

Here at Mortgage Teacher we always teach our clients how to think outside of the box. That’s why we don't ask the typical questions your bank asks. Maybe there’s more value with a variety of mortgage products than just the bare bones "interest-rate".

For example, As we head into summer holiday season, furnaces and heaters are shut off, Windows start to get opened, we as Eastern Canadians start to fight with humidity levels and we start turning on our air conditioning units. Not to mention we start turning on outdoor water taps for gardening. Basically when the seasons change,our activities around the house change too.

What most homeowners don't know, is that some lenders have protection plans that help make sure the house works as efficiently as possible, in any season. For example, some packages are in place that protect against any major costs incurred with equipment or service issues water systems, electrical, the heat source, and cooling. We have seen a client receive a $3600 furnace and only have to pay a $50 deductible? This is peace of mind coverage.

Imagine having that type of protection and still have one of the lowest interest rate in the market? Like we always say, there's more to mortgages than what you think.