Renewing Your Mortgage
Coming up to Renewal Time?
Congratulations on your maturing mortgage! Now is a great time to look at the many innovative options and competitive rates available. The mortgage environment is always changing - if you're in the last year of your mortgage, it's not too early to talk to a Mortgage Professional about what the next few months will bring.
When a term is coming to a close, most banks will send a mortgage renewal notice in the mail usually one to two months prior to the term expiration. Unfortunately, the banks only tend to offer you their posted rate with very little or no discount and only have one financial product to sell: their own. Almost 60 percent of people renewing their mortgage, sign this renewal without researching what the competition has to offer.
Finding the Best Renewal Rate for Your Mortgage
With the wide assortment of options and features available today for a mortgage renewal, shopping around takes significant time and effort. The mortgage process can be intimidating to many Canadian home buyers and it’s wise to begin with some advice from a professional.
Find the right mortgage for you is our business. We know which lenders have the best rates and we negotiate with multiple lenders at one time. What’s more, we know the system and have the industry knowledge required to present a proposal for financing to lenders to successfully obtain mortgage financing, and we do all the paperwork.
Are you looking to renew your mortgage? Don't sign those renewal papers, contact us to find out the options available to you.