Mortgage Renewal & Strategy

Guide to Renewing Your Mortgage

Many homeowners stay with their existing mortgage lender because they think the offer from their existing lender is the best deal available, or it is time-consuming and hard to shop around for a better mortgage. Let us help you get the best for your mortgage renewal.

1. Remember, it is Your Choice to Make

   With a good track record of paying your mortgage banks and lenders want your business and will compete for it. Let us help! With a variety or rates, terms and a selection of innovative mortgage products, you could potentially save thousands by shopping around.

2. Assess the Market

   We know what’s going on in the marketplace. With over 30 different lenders we can help you find the best interest rate and options for your renewal. A lower rate with flexible pre-payment options can save you thousands over the life of your mortgage.

3. Understand the Math

   You’ll find a number of mortgage options to choose from. Reviewing the numbers with your Mortgage Broker can help you choose one that best suits your needs. A low rate is just one part of the mortgage to consider, fixed or variable, prepayment options, transferable and portability are all very important features to understanding the risks of each mortgage.

4. Costs

   There could be a few fees and costs associated with this process if you choose to transfer to a new lender or restructure your mortgage, Legal and administrative costs for transferring the mortgage, appraisal and mortgage discharge fee, however many lenders will pick up and absorb these costs to earn your business with No Fee Transfers.

5. A Little Work for Big Savings

   If you’ve decided that a new lender will save you money we can help process the transaction. Gather the necessary documents, and let us do the legwork for you.