While most Canadians spend a lot of time and effort on shopping for their initial mortgage, the same is generally not the case when looking at their mortgage renewal. By not reviewing all of their options come renewal time, Canadians cost themselves thousands of dollars each year. Over 50% of borrowers simply sign their renewal letter that is offered to them and send it back to their existing lender, without ever shopping around to ensure they are receiving the most favorable interest rate and mortgage product. Most people spend more time comparing shoes before buying than they do reviewing their largest investment!
The earlier we can figure out what the ideal situation is for you, the more opportunity it gives me to research mortgage products and secure the lowest interest rate possible while we wait for your closing date. I am always watching the mortgage market for you right up until you close to ensure you have the very best mortgage for your new term.
Your mortgage is one of your biggest expenses in life, let us make sure you are not paying more than you need to. We are here to help you from the first call all the way to the conveyancing and closing of your mortgage. We will ensure your mortgage renewal is a smooth and happy one!