Mortgage coming up for renewal? Interest absorbing too much of your money?

Mortgage coming up for renewal? Interest payments absorbing too much of your money?

Securing a favorable interest rate is a prime way to maximize savings. On a mortgage, you can save considerable amounts of money for years to come, with a little upfront effort. To do so, you will need to get your credit in shape! 

Let us help you save additional cost by helping you to raise your credit score! Better credit scores equals lower interest rates and thus more disposable income! 

How negative credit impacts your Credit Score.

Let’s compare mortgage interest savings:

Client A has a good credit score and qualifies for an interest rate of 2.99% on a 5 year term for a $300,000 mortgage.

Client B has a poor credit score and qualifies for an interest rate of 4.99% on a 5 year term for a $300,000 mortgage.

The difference in interest saved is $5,874 per year or $29,370 in total over a 5 year term.

Before you renew your mortgage, call Score-Up Inc today for a free consultation at 416-479-9585.