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BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Understanding Your Mortgage Renewal Options

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As your mortgage renewal date approaches, do not let a lack of information be the reason you renew into a mortgage that doesn't meet your current needs. Though the majority of approved lenders send out mortgage renewal notices to their clients, more than 70 per cent will simply complete the form, sign it, and send it back; no questions asked. Lenders are counting on the fact that most homeowners are too busy to inquire into securing a better mortgage rate. Don't let this happen to you.

Remember when you applied for your first mortgage? You asked questions, did research, talked to a mortgage broker, and found the best mortgage rates and options. Why should the renewal process be any different? Interest rates are at an all time low. Take advantage of the current market and get a better mortgage rate that could save you substantially in the long run. Many lenders offer no cost or low cost switches to better rate options.

Renewing or switching your mortgage means, essentially, a fresh start. The process will involve closing out your existing mortgage and taking out a new one at a lower rate with a lower principal amount. This is the perfect opportunity to re-assess your needs and find a mortgage that suits these.

Rules regarding mortgage switching may vary provincially, and the legalities involved will need to be made clear to you. Consult a professional mortgage broker who can clearly explain the renewal process and access a vast network of lenders to find you the right mortgage at the right rate for your renewal. Complete your Mortgage Renewal Application and begin the process today.

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Just a small difference in rates can save you tens of thousands of dollars on your mortgage, so now just imagine what an even bigger difference will do. Take advantage of our very low mortgage rates and apply today.
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Our a new and improved mortgage calculator has everything our clients have requested over the years. Learn how mortgage interest rates, payment schedules and amortization periods influence the cost of your mortgage. Easily compare competing rates or add lump sum payments to the calculation. Try our new mortgage calculator.
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Our certified mortgage brokers save you money by securing the best possible mortgage rate, providing sound advice and making certain your next mortgage is right for you!
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