When you are approaching the end of your mortgaging term, you have
the opportunity to reassess your needs. We can help you renegotiate
your mortgage and find terms that are more suited to your current
situation.
Mortgages are typically one of the larger financial
commitments people make. It’s important to do your due diligence while
researching and planning your options. As specialists, we’ll be able to
help you look deeper into the variables involved.
Together we’ll review:
- Interest rates
- Prepayment privileges
- Mortgage transfer options
- Your plans for the future
- Technical details of your past and future mortgage agreements and more
It’s our priority to guide you through the mortgage renewal process
with complete transparency, explain the terms in plain English, and
find a custom solution that’s right for you.
When to start the Renewal Process
Start shopping around several months before renewal - don’t leave
it until the last moment. Banks want you to resign with them and don’t
want you to shop around for other lenders. Generally they notify you
about the upcoming renewal only
weeks in advance of the term expiry. This short time frame makes
it very difficult for you to contact other lenders and compare rates and
terms. Give yourself time to get the best deal.
Don’t sign anything you don’t understand!
Read your mortgage agreement carefully before you sign it, and ask questions about anything you don’t understand.
There is no fee to switch lenders (excluding collateral mortgages) when renewing your mortgage. Take advantage of our free consultation and see how we can save you money.
There is no fee to switch lenders (excluding collateral mortgages) when renewing your mortgage. Take advantage of our free consultation and see how we can save you money.
Our vast network of lenders enables us to locate the product best suited to your needs at the lowest possible rate.
Consider ways to pay off your mortgage faster:
- Increase your payment amount
- Choose an accelerated option for your payment
- If your renewal rate is lower, keep your monthly payments the same
- Make a lump-sum payment
We offer flexibility in a mortgage, including negotiating excellent
prepayment privileges, mortgage portability and terms that work for you
now and in the future.
Contact us today to set up a free consultation to review your mortgage renewal options.
Contact us today to set up a free consultation to review your mortgage renewal options.