Mortgage Renewals
Every mortgage has a specific term. At the end of the term you will need to renegotiate your rate with the bank for the new term. A lot of people will accept the rate offer that they receive in the mail from their existing bank. The truth is that those rates are most likely not the best rates available on the market.
Please give Your Mortgage Contact a call if your mortgage is coming up for renewal and we will shop for the best rates for you. The best time to start looking for the best possible mortgage rate is 4 months prior to the renewal date. It allows us to lock in the best rate for you. A mortgage renewal is not a complicated process and there are no fees to switch your mortgage to a new lender thus saving your family thousands of dollars in the long run!