Renewals and Negotiating

Upon renewal, lenders will send out a renewal letter in advance. Many homeowners aren’t aware that the renewal rate offered by their current lender is not always the best rate. It is in your best interest to call us before signing the renewal paperwork. We may be able to obtain a better rate and offer strategic advice.

Another good practice is to start shopping for a new mortgage around 2 to 4 months before your mortgage is due for renewal. This will ensure adequate time for us to find you the best deal possible.

Transfers

What happens when you decide to sell your home and move before your mortgage term is up? Many times, homeowners will incur unexpected high penalties. In order to avoid having to pay high penalties, you may be able to transfer or port your mortgage. Talk to your mortgage professional today to see if this solution is available for you.