A Trio OwnOption Mortgage keeps your home affordable and protects you against rising interest rates. This means that you’ll lock in your future monthly payment and interest rate through the life of your lease. An OwnOption Mortgage is a mortgage financed by Trio at the start of your lease that you can qualify to assume when you purchase.
- Locking in an interest rate with a traditional mortgage can set you back between 1% and 3% of your loan amount. That’s thousands of dollars!
- Banks will only allow you to lock your rate for up to a year. When you opt for an OwnOption Mortgage, your interest rate is locked in for the life of your lease, which could be up to five years! And, Trio covers the cost.
- Your rate is locked in and ready when you are.
- You won’t have to stress about the possibility of rising rates pricing you out of your current budget.
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