When it comes to renewing your mortgage, it is really no different then shopping for your first one. The number one mistake that most people make is just signing the renewal papers from their current mortgage lender. The banks know this and therefore are not going to offer you their best rate. Make sure you shop around and see what else is available. In most cases, it costs you nothing at all to switch a mortgage to another lender, yet it can cost you thousands if you don’t do your homework.
Better yet, let an experienced mortgage broker do the homework for you! By just signing your mortgage renewal, you may be missing out on other mortgage products that could be far more suited to your needs. A mortgage is typically the largest payment you make each month. Make sure you take the time to ensure it is the one best suited to you.
Given my extensive expertise in the Canadian mortgage industry, I wil help you get the most out of your mortgage renewal. This may also be a good time to take out some extra money to consolidate some debt or to do some renovations around the home. Just complete the short application form below and I will help you find the best solution for your mortgage renewal.