Have you received a mortgage renewal in the mail lately? Let us have a look and give you a second opinion! When your mortgage term is coming to a close, most banks will send a mortgage renewal notice in the mail, usually one to three months prior to the term expiration. Unfortunately, most lenders only tend to offer you their posted rate with very little or no discount at renewal, hoping you won’t put much effort into the process.
We will work on your behalf to find the best possible solution for your needs and will have lenders compete for your business. Be sure to contact one of our agents before signing any renewal offer.
Did you Know?
- Almost 60 percent of people renewing their mortgage sign this renewal without researching what the competition has to offer.
- You have the option of finding new lenders for your mortgage.
- There are many new lenders that can absorb some or all of the costs of transferring your mortgage for a better rate.
- It is advised to always contact a mortgage agent before signing a new renewal offer.