1. Do I qualify for this rate assuming:

2. What is your penalty policy if I break the mortgage early? If it’s a fixed rate, how does your penalty formula compare with the Big Six banks (which generally have the costliest fixed-rate prepayment policies)?

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3. Will the lender allow me to increase my borrowing without penalty before maturity?

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4. How long do you give me to port the mortgage to a new property? Look for 60 to 120 days if you plan to move before maturity.

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5. Can I refinance with any lender at any time?

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6. How much extra can I pay off early without penalty?

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7. Can I get a line of credit with my mortgage where the available credit line automatically increases as I pay down the mortgage (assuming you need this feature)?

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8. Are the payments fixed on your variable-rate?

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9. Can I skip a payment?

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10. Do you charge extra if I need a rate guarantee over 30 days, a 30-year amortization or financing on a rental/vacation/second home property?

Check Billionaires Per Second Income

1. Do I qualify for this rate assuming:

1. Do I qualify for this rate assuming:

A. my FICO score is/is not above 720

A. my FICO score is/is not above 720

B. I do/do not have two years of provable income, and

B. I do/do not have two years of provable income, and

C. my total debt ratio (monthly mortgage/property tax/heat/loan payments divided by monthly gross income) is/is not 44 per cent or less?

C. my total debt ratio (monthly mortgage/property tax/heat/loan payments divided by monthly gross income) is/is not 44 per cent or less?

2. What is your penalty policy if I break the mortgage early? If it’s a fixed rate, how does your penalty formula compare with the Big Six banks (which generally have the costliest fixed-rate prepayment policies)?

2. What is your penalty policy if I break the mortgage early? If it’s a fixed rate, how does your penalty formula compare with the Big Six banks (which generally have the costliest fixed-rate prepayment policies)?

3. Will the lender allow me to increase my borrowing without penalty before maturity?

3. Will the lender allow me to increase my borrowing without penalty before maturity?

4. How long do you give me to port the mortgage to a new property? Look for 60 to 120 days if you plan to move before maturity.

4. How long do you give me to port the mortgage to a new property? Look for 60 to 120 days if you plan to move before maturity.

5. Can I refinance with any lender at any time?

5. Can I refinance with any lender at any time?

6. How much extra can I pay off early without penalty?

6. How much extra can I pay off early without penalty?

7. Can I get a line of credit with my mortgage where the available credit line automatically increases as I pay down the mortgage (assuming you need this feature)?

8. Are the payments fixed on your variable-rate?

8. Are the payments fixed on your variable-rate?

9. Can I skip a payment?

9. Can I skip a payment?

10. Do you charge extra if I need a rate guarantee over 30 days, a 30-year amortization or financing on a rental/vacation/second home property?

10. Do you charge extra if I need a rate guarantee over 30 days, a 30-year amortization or financing on a rental/vacation/second home property?

Check Billionaires Per Second Income

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