Mortgage Renewals

Most homeowners stick with their current mortgage lender because they believe getting a better mortgage rate would take too much time.

If it's time to renew your mortgage, now is an opportune opportunity to consider the numerous good options and competitive rates available. Lenders send renewal letters to individuals with good payment records soon before their renewal deadlines, and roughly 70% of homeowners return them without asking any questions! That may be the simplest and best option in today's frantic environment, but you should ask yourself some questions before signing on the dotted line. This is a critical window of opportunity. This is where an independent mortgage consultant like myself may assist you by providing advise and options.
Perhaps your mortgage requirements have changed. Now is the moment to make a decision. For example, perhaps you'd like to combine high-interest debt with your mortgage, or perhaps you'd like to use some of your home equity to fund a restoration project? Maybe you're thinking of buying a cottage or a holiday home? Are you certain you'll obtain the greatest pricing when your contract is up for renewal?
Multiple lenders competing for your business is an excellent method to ensure you obtain the best deal possible. We work with a variety of lenders, including major banks, credit unions, trusts, and other national and regional lenders, giving us tremendous negotiating leverage when it comes to getting the best mortgage for you.