Mortgage Renewel

Renewing a mortgage is a process which is just as significant as your first mortgage. It also presents you with a new opportunity to take advantage of, as you are in a better position compared to when you first negotiated your mortgage. Over time your home equity value increases and by lowering your principal loan balance, you are in a better place to negotiate. Commonly, most loan applicants can be unaware of their options, choosing to sign their existing institute’s mortgage renewal form without negotiating for a new mortgage resulting in a higher interest rate and a package that may not be a proper fit for their personal situation.

During the process of renewing your mortgage, your loan can be transferable to a new lender more adjusted toward your financial position. This offers you the ability to benefit from a mortgage deal that would not have been available to you through your Current Lender. Since the mortgage is open during its renewal and there is no Penality to Pay Off the Mortgage.

Explore your options with me. I can evaluate your mortgage and explore the market with you for a deal best suited to your situation. My experience and knowledge in the industry will prove transferring your current mortgage to be a beneficial decision.