Flexible Payment Options

Skip a Payment

Life brings unexpected events. And sometimes those things require a little extra cash. So we have some helpful mortgage payment options for when your finances are stretched:

Take a Break Option

If money gets tight, you can skip up to one month of mortgage payments per calendar year. Some restrictions apply, so ask for details. Not available on the BMO Smart Fixed Mortgage. Choose to skip:

• One monthly payment
• Up to two bi-weekly or semi-monthly payments
• Up to four weekly payments

Family Care Option

If you or your partner is on leave from work to care for a new baby or ailing family member, you can skip up to four months of mortgage payments per calendar year. Some restrictions apply, so ask for details. Not available on the BMO Smart Fixed Mortgage.
Skip up to four months of mortgage payments (principal and interest) once per year if you or your partner must leave your job to care for a new baby or a sick family member. Choose to skip one of the following:

• Four consecutive monthly payments
• Eight consecutive bi-weekly or semi-monthly payments
• Sixteen consecutive weekly payments

Keep in mind, any time you skip a mortgage payment, you continue to accrue interest. This means you'll end up paying more over time. You can pay back your skipped payments anytime without a prepayment charge. Some restrictions apply for both mortgage payment options, so ask us for details.

Mortgage Cash Account

• When you use your prepayment options, your principal prepayments go towards building a Mortgage Cash Account within your mortgage^†
• With the Mortgage Cash Account, you can re-borrow prepaid funds, in amounts starting from $2,500 subject to meeting certain eligibility criteria.
• The re-borrowed funds are added to your mortgage principal at your existing interest rate for the remainder of the term.

Elite Wealth Creators have been involved in the property and finance industry for over 20 years.  Our Investment Property Strategists deliver investment grade properties to the investment market and mediate between the developer and the investor. We also assist first home buyers in purchasing their first home in QLD through our house and land packages – this includes receiving $20,000 cash back towards their mortgage by buying one of our full turn-key packages.
Our service will take you through the complete process of buying positive cash flow property, including:
• educating you on positive cash flow and the ability to pay your mortgage off years in advance
• saving you thousands of dollars in interest
• supporting you in the decision on which property to buy
• assisting in the organizing of your finances, if required
• preparing you for settlement of contracts
• liaising with other professional advisers on your behalf if required.
Our Strategists specialise in delivering quality positive cash flow property and also helping investors pay off their mortgage years in advance

http://www.elitewealthcreators.com/
sales@elitewealthcreators.com
1800 GO ELITE