CASE STUDY - Smart Windsorite saves $40,000
A woman living in the Windsor area recently renewed her mortgage with her bank. She has a $175,000 mortgage with 25 years left to pay. The mortgage insurance offered by the bank would have cost her $74.60 per month and mortgage payments of approximately $800 per month.
We were able to provide the same level of mortgage insurance coverage but for 55% less than she was quoted by the bank. The $41.18 she saved every month on her mortgage insurance is now added to her biweekly mortgage payments. Her monthly costs are the same as she had budgeted to pay the bank, however, she was able to make huge savings overall.
- Our client saved $40,000
- Will pay off her mortgage nearly 4 years sooner