When your mortgage comes up for renewal, you may not know that you can have another lender take over your mortgage but you can! You should never renew your mortgage just because they sent you the form; you want to negotiate for the best rate, saving you thousands of dollars in interest over your next […]
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Mortgage renewal is a hot topic for Toronto mortgage brokers, but what is it? When your mortgage runs out, you’ll have one of two choices: extend/“renew” your mortgage, or to pay up in full. Since most of us can’t get that much money up on the spot (which is why most of us got a
What is Mortgage Renewal? Read More »
If you want to turn your mortgage around, mortgage renewal can really save you money! Don’t automatically sign the form and turn it in when you get it, consider what they’re offering you. Are you going to get a better interest rate this time, or are you getting more or less the same deal? With
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Most of us learn about Canadian mortgage renewal when we get the notice in the mail; but you’ll want to make sure that you don’t just fill out the form and return it to the bank! You need to be discriminating; is your lender giving you a better deal than you have now, will it
How Mortgage Renewals Work in Canada Read More »
