Commercial Mortgage Renewal
Mortgage Renewal Date Fast Approaching?
If your commercial mortgage is coming up for renewal, don’t hesitate. You can secure yourself and your company a better commercial mortgage product. Super Brokers has access to a vast network of commercial lenders. We will go through their products to find the one that fits your needs.
Begin by filling out our secure online application. Super Brokers will work to find the product that improves the conditions of the commercial mortgage you currently have. This is definitely an occasion where the adage ‘it pays to shop around’ holds true.
Plan Your Renewal Ahead of Time
The process of switching lenders can often take 90 days to complete smoothly. Moreover, you will want to give yourself ample time to find the optimal product for your renewal. Keep in mind that by failing to secure the best rates on your commercial mortgage renewal, you could be paying thousands of extra dollars toward interest payments over the course of your next multi-year term.
Start your mortgage renewal process no later than four to six months before your current term is due to expire. The notice of expiration from your current commercial mortgage provider may come within this timeframe, or even closer to the renewal date, so be sure to stay cognizant of when you are halfway through the last year of your term.
Exercise your option to shop for the most competitive rate and terms available for your commercial mortgage today. Above all else, Super Brokers will help you throughout the process.