Renewal
When it comes time to renew your mortgage, most lenders will send you a renewal letter when there is around 3 months remaining on your term. While nearly 60 percent of borrowers simply sign and send back their renewal without ever shopping around for a more favourable interest rate, this is actually the best time to check out your options.
Since your term is ending, this is a great time to shop the market or redo your mortgage WITHOUT PENALTY! If you have been wanting to switch your mortgage from fixed to variable rate (or vice-versa) or want to move to a different lender or try for a lower rate, we can help!
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As a Mortgage Professional, I can help answer all your refinancing questions – and more – as well as shop the market to find you a better rate! With access to over 50 lenders, I am able to quickly compare mortgage rates and products and help you make the switch!