Mortgage Renewal

Mortgage renewal Brampton, Caledon, Oakville, ON is a chance to change the life of your mortgage and finances for any borrower! This phrase comes at the end of your mortgage term! This is the time you can take charge of your mortgage and make a real change in your financial position! So how can you make sure that you’re doing everything to take advantage of this?

How do get the best with your mortgage renewal:

Shop: Ah, shopping! Its quite the therapeutic experience for some. But mortgage shopping is quite the opposite! You need to travel far and wide, or at least make a dozen calls to get the right quote. Working so hard with your busy schedule on a mortgage is quite wasteful. Let the mortgage agent take over! You make the dough while we find the right mortgage plan to save it!

Negotiate: This is a one-word mantra that anyone looking to do a mortgage renewal must follow. Settling on the first rate you get is probably a bad move. Let old houses do the settling, while you rage ahead with negotiations. But this doesn’t mean you reject every offer you are presented with. Be reasonable about the rates. It is best to hire a professional negotiator who also has a knowledge of the market such as a mortgage broker. They can really make a difference in the speed with which you get the rate since the lender knows he is dealing with a professional and hence he can’t fool them.

Consult: Consult with a mortgage broker. Why? Because it can help you get an insight into what the current rates look like. They can make you aware and even give you tips on how to squeeze your mortgage to get the maximum benefits. With a variety of schemes within reach, they can help you get one which is well suited for you. A simple call with our mortgage experts can help clear up most of your issues. We provide the best for less.

What are the benefits of mortgage renewal?

Renewal allows you to renegotiate everything pertaining to your mortgage – amortization, rate, term etc. with no penalties. Your lender will be interested in seeing you come back, but it’s important to investigate your options and make sure you are getting the best possible deal.

A major financial institution’s consumer debt survey found two-thirds (65%) of homeowners did not compare mortgages from more than one lender when they last renewed*. In fact, 20% stayed with their current lender after maturity and did not negotiate; several banks will auto-renew you at posted rates versus fully discounted rates, which can be a difference of hundreds of dollars a month. Don’t renew your mortgage with your eyes closed!

Mortgage renewal Brampton, Caledon, Oakville, ON is also an important time to decide if you should roll your high-interest credit cards and other debt into your mortgage to get one lower payment, boost your cash flow, and save on interest costs. Or perhaps it’s a good time to take some equity out for renovations, a second property or for investing.

Why choose us?

We work for you and are in touch with a wide variety of lenders. We can always make sure you are in the best position possible. We can help you get early renewal plans. We shop till we drop to ensure that you receive the best because that is what you deserve. In a sea of the mortgage, your ship is anchored safely with us. Whatever the time on your mortgage 6 months or one month, we can help simplify and complete. Contact us now to start the process.