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CASHBACK MORTGAGES

1%-5% Cashback Available

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Cashback mortgages are an excellent way to help pay for closing costs, pay down debts that are limiting your pre-approval amount and even help transfer your existing mortgage and pay large penalties.

There are a few things to understand about cashback mortgages. They work just like any other type of mortgage. You will pay approximately .15%-.40% more on your interest rate for each 1% of cashback you receive. For example if the lowest 5 year mortgage rate is 2.99% and you elect to receive 3% cashback. You can expect to pay .45% – 1.20% higher on your mortgage rate.

When breaking a cashback mortgage you need to understand you will have your existing mortgage penalty based on 3 months interest or the interest rate differential (IRD). In addition to the penalty you will be required to payback the cashback on a pro-rated schedule.

While these types of cashback products aren’t for everyone, they are excellent for clients who need a little help qualifying for their dream home or have an existing mortgage and want to get a lower rate & pay their penalty off.

Contact us today for more information about how a cashback mortgage can work for you!

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Peter is a result driven and inspiring professional. He is an innovative, customer focused, service provider that consistently strives to WOW his clients. Peter draws upon his broad network of professionals, his wealth of experience in the field, and finds a way to make you feel like you are his only client. If concierge level service, attention to detail and out of the box thinking is what you are looking for…then Peter Paley is definitely who you need to be working with.

Michael Embry Van Wyk

Peter was great to work with. Answered all our questions promptly and we were very happy with the results he got us. I would recommend him!

N. Jarmuske

Peter and his team are awesome, highly recommend. – Sheila and Alun

To all of you out there who looks for someone who honestly deals with your mortgage… This is the guy! Let me tell you, Peter knows what he’s doing. He knows his office, his profession, and takes good care of you. He did that with us, so I know what I’m talking about. He is very helpful indeed. He deserves those five stars!

Luis Del Rios De Hoyo

Peter is fantastic! He saved me a considerable amount of money both on my mortgage interest & down payment. He took the time to explain all of my options in great detail & has sent several follow up emails and phone calls to make sure everything is going smoothly.

Kathleen Easton

To all of you out there who looks for someone who honestly deals with your mortgage… This is the guy! Let me tell you, Peter knows what he’s doing. He knows his office, his profession, and takes good care of you. He did that with us, so I know what I’m talking about. He is very helpful indeed. He deserves those five stars!

Luis Del Rios De Hoyo

When looking for financing for our home Peter Paley

came highly recommended. In our time working

with him, he was a true professional, very personable and

extremely knowledgable. My wife and I would recommend

Peter to everyone…

Michael and Darlene Clark

Peter was absolutely an amazing mortgage broker. We should have gone to see him sooner. We were not getting the service we expected from a bank we had been with for quite some time. And we did not get as high of a pre-approval amount as we expected mostly because my partner is self-employed. Peter got down to business right away and asked for documentation to prove our income. He was always available and very quick to respond to our messages. Together we built a very solid portfolio, he got us a fantastic pre-approval rate/amount and in the end, we got our dream house! Thank you Peter for the work you did for us!

Janelle D. and Phil B.

I’ve known Peter for many years and, as a long time realtor in Winnipeg, have never hesitated to refer my clients to him and his team. He has never disappointed and provides top notch service quickly and efficiently! You absolutely can’t go wrong when you put Peter and his team to work for you!

Leigh N.

On my first home purchase Peter was extremely helpful and thorough. He made the process simple and easy!!

Claire Rodger