Mortgage Renewal
When it comes to renewing your mortgage, the process is no different from shopping for your first one. The number one mistake most people make is simply signing the renewal papers from their current mortgage lender. Banks are aware of this tendency and often do not offer their best rates at renewal. Make sure you shop around and explore other options. In most cases, switching your mortgage to another lender costs you nothing but could save you thousands if you do your homework.
Better yet, let an experienced mortgage broker do the homework for you! By just signing your mortgage renewal, you may miss out on other mortgage products that could be more suited to your needs. A mortgage is typically the largest payment you make each month, so it’s crucial to ensure it’s the best fit for you.
With my extensive expertise in the Canadian mortgage industry, I will help you get the most out of your mortgage renewal.