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Prior to closing, will your lender monitor the rates on a daily basis at over 40 institutions and will they drop their rate to match the best offer in the market?
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During the term of your mortgage, if it makes sense to pay the penalty and take a new mortgage will they call you?
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If you are paying the penalty and taking a new mortgage, will they shop the market at over 40 different lenders and offer you the best deal?
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If you are taking a variable rate mortgage, will they give you a discounted rate if you lock in and if so, what discount be?
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What is your current institutions penalty clause on either a fixes or variable rate? If you are taking a fixed term, do they still charge an interest rate differential after you have completed three years of your term?
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If you decide to move up to a larges home, will they allow you to port and increase you mortgage and will they give you a discounted rate on the new funds borrowed?
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Do they offer 100% financing at a discounted rate? Do they offer 100% financing with cash back?
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Do they have a mortgage for self employed? Are you permitted to use stated income for income confirmation?
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Upon renewal, will they shop the market at over 40 different lenders and offer you the best rate in the market place?
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Finally, who does your current lender work for, you or the bank?
