Mortgage Renewals, Transfers and Switches
You do not have to automatically renew your mortgage with your bank. Our mortgage professionals can check with your bank and other lenders to likely get you a better rate.
Most Canadian homeowners stay with their existing mortgage lender because they believe it is too time consuming to get a better mortgage rate.
If you’re getting close to the end of your mortgage agreement, now is a good time to start looking at all the different options available to you. Your lender will send you some forms to renew your mortgage, and most people just sign them without thinking too much. But it’s important to take a step back and ask yourself some questions before you make any decisions.
This is where our team of mortgage professionals can help! We can help you figure out what your best mortgage renewal options are. Maybe your situation has changed since you first got your mortgage. For example, you might want to use some of the money you’ve paid into your house to do some home improvements and renovations, or you might want to consolidate some high-interest debt with your mortgage. Or maybe you’re thinking about buying a vacation property.
The good news is, there are a lot of different lenders out there who want your business, and our team can help you find the best deal to suit your needs. Our mortgage professionals work with all the big banks in Canada as well as credit unions, and other lenders, so there are many options to choose from. So don’t just sign those forms without thinking about it – find a local mortgage professional and let’s talk about your options!