Mortgage Renewal Alert

Is your mortgage coming up for renewal? Don’t be too quick to sign that mortgage renewal letter. Some Canadians mortgage holders do just that, and what is the usual result? — a higher rate and a mortgage product that might not be best suited to their interests.

Experience has shown that the “Big Banks” send their mortgage renewals out at a posted rate. Lenders are counting on the fact that some homeowners are too busy to ask questions or to inquire about getting a better rate, but don't let this happen to you!

You should recognize that you are now negotiating from a position of strength as your mortgage principal has dropped and in most cases your home value has increased.  Lenders see you as a lower risk borrower and consequently you should be getting the best rates available. 

That may not happen if you simply sign the renewal document provided by your existing lender. 

Don't sign that renewal form and lose your money! Let the lenders compete for your business to be sure you do in fact get the best mortgage possible. 

Take advantage of our renewal registry now! Register now and we will guarantee you the best rate 120 days prior to your renewal. You can register up to 2 years in advance - just fill out the form below.