Mortgage Renewal

Renewals are the best time to reassess your mortgage, the lender, and current market conditions. Don’t wait until the last minute to renew with your bank; start shopping six months in advance. Aside for competitive rates,  I can provide you alternate mortgage products that may not be available at your bank . Your current financial position may have changed since your original mortgage start date, therefore, it is important to know what you need to achieve from your mortgage right now. Here are some questions for you to consider:

  1. Do you have more or less funds to put towards your mortgage?
  2. Can you make lump sum or additional payments over the course of the mortgage?
  3. Do you want the flexibility of a home equity line of credit should special purchases, renovations, or investments be coming up in the future?

Give yourself time to assess your needs. In many cases, a rate can be held up to 120 days in advance. It’s good practice to hold a rate, while you continue to research your mortgage options. There is no obligation, but it does protect you if the rates were to increase.


For more information about a mortgage renewal, please email me directly at: