Homeowners should never accept the first renewal letter from their existing lender without any negotiation. Simply by signing the renewal letter and accepting the market rate on a mortgage renewal, it could cost a homeowner a considerable amount of money on their next term.
This is a great time to assess what your next 5 or 10 year life plan may look like, and to help in deciding whether you are in the right type of mortgage with the right terms. Most clients have shared with us that they have felt overwhelmed with their renewal, or how they have just trusted that their current lender would treat them fairly.
This is where we come in, we will review what you have been offered and compare this against all the current mortgage products and terms that are available to you, we can explain the pros and cons of every option, helping you decide on the best course of action for your specific situation. We are completely unbiased, we work for you, not the bank.