A past client returned to us to refinance his current loan that was soon to roll out of its fixed term. Our objective was to help the borrower secure a new fixed interest rate and safeguard them from the adjustment that would occur if they allowed their mortgage to roll into an adjustable rate mortgage.
Because of the trend in rising interest rates, the biggest challenge was identifying the best program for a small loan.
ALB structured a competitive 5 year fixed with terms that the borrower accepted.