When you first obtained your mortgage, the rate and terms you chose satisfied your needs at that time. But what if your needs have since changed? Many of our clients find themselves in a slightly different situation, four to five years after obtaining their mortgage. Some have decided to renovate their property, some are looking to invest in other properties (rental or vacation property) and many more are concerned with effectively supporting their children to pay for post-secondary education.
What matters is that your current scenario may be quite different than before. Similarly, the market conditions may have changed, affecting lender's interest rates and terms of mortgages.
Let us help you negotiate the best rate to save you as much money as possible.
At the time of your mortgage renewal you have a chance to reconsider some of the conditions of your current mortgage contract. Maybe you want a better rate or may want to tap into your home equity. This is the perfect time to bargain!
Before renewing your mortgage, we can help you decide if a better rate or term can be of benefit to you. Give us a call before your renewal date or after receiving your renewal package to discuss your options. You may be able to obtain a lower rate or better terms for your renewal with another lender. Your loyalty to your existing lender doesn’t necessarily benefit you.
Use our free Reminder Renewal Service to ensure you're up to date with the latest rates when you renew. To get started, just fill out the form on this page. Rest assured, we will only use this information to contact you before your renewal date to discuss your options. There are no obligations on your end to commit. If you have any questions or need more information, please contact us at (416) 915-5500.
