Mortgage Renewals and Transfers

What is Mortgage renewal?

When you get a mortgage from a lender, you are entering into an agreement for a specific period called the mortgage term. This could be anywhere from a few months to five years or even longer. When the term ends, you will have to either renew your mortgage or pay off the remaining balance. ] Chances are, you will have to renew your mortgage several times before it is completely paid off.

Explore Mortgage Renewal Options & Get Great Rates

Mortgage renewal time frames usually start approximately four months before the end of an existing mortgage term. It is an important time to explore a variety of options. Do not sign without consulting a licensed mortgage agent in Canada.

Many homeowners stay with their existing mortgage lender simply because it seems easier than shopping around, or that the offer from an existing bank is the best deal available.

Mortgage Renewal Options to take your savings to the next level

Seize the chance to work with a Level 2 mortgage agent before locking in for another term. Imagine saving thousands of dollars, or even getting into a better mortgage product if additional financing options are needed.

I can check for attractive mortgage renewal options in Toronto, Ottawa and other areas throughout Canada, thereby, saving precious time and money for homeowners.