MortgagebyAmit

📊 MORTGAGE MASTERY SERIES: PART 7 : REFINANCE STRATEGIES & BREAK-EVEN MATH 📊

Refinancing your mortgage can unlock incredible financial freedom, but you need to let the numbers do the talking before you make a move!

Here is how to evaluate a smart refinance:
✅ The Break-Even Formula: (Total Penalty + Legal Fees) ÷ Monthly Savings = Months to Break Even. Know your timeline!
✅ Penalty Math Decoded: Understand the difference between high IRD penalties on Fixed mortgages vs. simple 3-months interest on Variable mortgages.
✅ 2026 Renewal Rule Advantage: Switch lenders at renewal without undergoing stressful stress-test re-qualification if staying with an insured default insurer.
✅ 120-Day Rate Holds: Lock in market rate drops early before your renewal date arrives.

Let’s run the exact numbers together to see if refinancing genuinely puts you ahead.

Amit Bhatnagar, Mortgage Agent Level 2
Phone: 437-776-5148
Email: mortgagebyamit15@gmail.com
FSRA License 10530