MORTGAGE RENEWALS GIVE YOU FREEDOM TO MODIFY YOUR FINANCIAL DREAMS
Mortgage renewals is ideal time to update and modify your financial goals and dreams. Renewing mortgage process offers significant benefits: You get to re-assess the options the mortgage marketplace has to offer you.
Renewing a mortgage in Canada allows you to consider all new features and choices that are being introduced every day in the mortgage market. You are too busy with work and family to try and figure out which is your best mortgage solution. Why waste your time struggling through volumes of details, trying to understand all the mundane qualifying requirements - the different offers, rates, terms, features, and hype. We know where the best offers are that fit your application.
You deserve an expert to assess your application with skill, presenting your information to the lender accurately and in the best light to get you a best deal.
Renewing a mortgage in Canada allows you to consider all new features and choices that are being introduced every day in the mortgage market. You are too busy with work and family to try and figure out which is your best mortgage solution. Why waste your time struggling through volumes of details, trying to understand all the mundane qualifying requirements - the different offers, rates, terms, features, and hype. We know where the best offers are that fit your application.
You deserve an expert to assess your application with skill, presenting your information to the lender accurately and in the best light to get you a best deal.
RENEWING MORTGAGE TIPS TO GET A BEST DEAL
Renewing your mortgage early may be an option if it matches your current financial goals and you can get a best deal.
What about the renewing mortgage process?
When your mortgage term ends and it is time to renew your mortgage for a new term, it is an ideal time to re-evaluate the mortgage options available to you. It is the time to update and assess your present circumstances and needs and re-think your goals.
Your existing lender will send you a renewal notice asking you to sign and renew your mortgage for another term and return to them, but by doing so, you may be missing better opportunities the mortgage market has to offer. We will give you the renewing mortgage advice to help you make a right decision!
Here are some renewing mortgage tips to get you a best deal:
What about the renewing mortgage process?
When your mortgage term ends and it is time to renew your mortgage for a new term, it is an ideal time to re-evaluate the mortgage options available to you. It is the time to update and assess your present circumstances and needs and re-think your goals.
Your existing lender will send you a renewal notice asking you to sign and renew your mortgage for another term and return to them, but by doing so, you may be missing better opportunities the mortgage market has to offer. We will give you the renewing mortgage advice to help you make a right decision!
Here are some renewing mortgage tips to get you a best deal:
- Renewing mortgage with a different bank can have benefits. Depending on your application and credit, often lenders compete for your business.
- When you get the renewal offer from your current lender, we will review the rate and terms you are being offered to see how it matches with what else is available to you.
- Did you know that we can start monitoring your mortgage options early – 4-6 months before maturity? During this time, we monitor the mortgage market to research your options: which lenders are offering what, mortgage interest rates, pre-payment options and other voluminous terms and conditions and most importantly, locking in for you the best interest rates in the interim.
- In most cases, we can lock-in your new mortgage rate 90-120 days prior to closing. If in the interim the interest rates drop, you will get a lower rate. If the rates rise, you are locked into the lowest rate.
WHAT ABOUT THOSE FINANCIAL DREAMS WHEN RENEWING A MORTGAGE IN ONTARIO?
If you are on track with your financial goals, we will make sure you are getting the best mortgage interest rate and terms with the best mortgage lender.
If things have changed since you first got your mortgage and your circumstances no longer match up with your goals today, this may be a good time to factor in some home equity take-out into your decision. Are you struggling with too much expensive debt and need to consolidate debt into one low monthly payment? Maybe you need to buy a new car, pay for child’s university tuition? Or you eying an investment opportunity such as buying a rental property or topping up your RRSP? Whatever your need, this is the best time to factor these changes into your mortgage renewal decision.
If things have changed since you first got your mortgage and your circumstances no longer match up with your goals today, this may be a good time to factor in some home equity take-out into your decision. Are you struggling with too much expensive debt and need to consolidate debt into one low monthly payment? Maybe you need to buy a new car, pay for child’s university tuition? Or you eying an investment opportunity such as buying a rental property or topping up your RRSP? Whatever your need, this is the best time to factor these changes into your mortgage renewal decision.
IT'S TIME TO SPEAK TO A MORTGAGE BROKER!
Start early if you can. 4-6 months, or as soon as possible, before your current mortgage term ends, speak to a mortgage broker - We work for you not the banks!
If you’re ready to start your mortgage renewal process, we will assess your present needs and financial dreams and get you a custom fit mortgage solution with best interest rate and terms to match your application, credit, and financial goals.
Call us at 905-5317-8815 today or submit your online mortgage application and we will get started!
If you’re ready to start your mortgage renewal process, we will assess your present needs and financial dreams and get you a custom fit mortgage solution with best interest rate and terms to match your application, credit, and financial goals.
Call us at 905-5317-8815 today or submit your online mortgage application and we will get started!
