Tag: mortgage renewal
When considering financing options for home buying, borrowers have two options: a bank or a mortgage broker. According to the Eastern Morning Herald, Canadians are looking for the best possible mortgage rates. The statistics show that as Canada's housing market continues to recover from the global recession in 2008, mortgage brokers are favored for helping …
According to the Bank of Canada, buyers who stick with their current mortgage lender when it comes time for renewal may be cheating themselves out of a discount.
Every year, hundreds of thousands of Canadians have to renew their home loans; it’s just a fact of life. But not all of them are taking full advantage of the opportunity this provides to save money on their mortgages.