When your mortgage is maturing, this is the best opportunity to shop for a better rate, and mortgage product for your next term.
Typically, most home owners stay with their current lender until their mortgage has matured. As your current mortgage comes up for renewal/maturity, your existing mortgagee may offer you a renewal for a new term and interest rate. You have no obligation to stay with the same lender. It’s always recommended to take full advantage of this opportunity and have a Mortgage Agent, shop and negotiate the best term and lowest interest rate, to not only lower your monthly payments, but also reduce your cost of borrowing by thousands of dollars each year.
With access to more than 30 lenders and financial institutions competing for your business, let’s explore your mortgage renewal options and choose from the best term and interest rate offered to you. What may have been a good interest rate and term when you originally placed your mortgage, may not be the best terms & rate today.
One Hour Of Reviewing Your Situation Can Potentially Save You A Tonne Of Money, And Help Pay Down Your Principal Balance Much Faster. It’s Time Well Spent!
Get educated on all options before renewing your mortgage, Contact us now!.