Mortgage Renewal time is sometimes the best time for home owners to check their Mortgage financing options. This is because making changes to your Mortgage at Renewal or maturity means no penalties will be charged.
In most cases homeowners will receive a Mortgage Renewal statement from their existing lender up to 6 months prior to maturity, with rate quotes higher then what the market is dictating.
Our Team shops various lenders to give homeowners the best mortgage rate and solution at Renewal time.
Furthermore, if the borrower is offered a great rate from their existing lender, then the team will advise them to stay with their lender. We want to be 100% transparent at all times and provide our clients with unbiased advice regarding Mortgage Renewals.