15 Mar Is your Mortgage Renewal coming up?
If you bought your home in 2020 and took a 5-year mortgage term, your renewal is coming up this year. If you bought your home in 2022 with a 3 year mortgage term, your renewal is coming up.
Mortgage renewal time provides an incredible opportunity to save thousands of dollars in interest payments.
Avoid making these 3 mistakes at mortgage renewal time:
- Leave renewing the mortgage until “LATER” & potentially miss out on securing a lower rate available today:
- secure the lowest available rate today & adjust for an even better rate in the future if available,
- save thousands of $$ in future mortgage payments.
- Renew your mortgage WITHOUT exploring the market for better renewal options.
- your bank will only offer its mortgage products,
- a great mortgage broker can present you with the best mortgage renewal options from all banks, including your current one.
- Accepting higher payments, even though securing lower payments is an option.
There is so much more available to you at Mortgage Renewal time than just signing that initial renewal letter from your bank. Have you considered Mortgage Refinancing?
Never hesitate to reach out to a Mortgage Broker who can provide industry expertise and potentially help you save thousands of dollars in interest payments.
Do you have any questions?
Reach out directly for any inquiries and questions below:
Igor Morgun | Mortgage Broker
Email: igor@morgun.ca
Phone: 604-362-4467
Web: www.igormorgun.ca
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