Posted on 8-Feb-2016 7:29
Views 1171
When its time to renew your mortgage, it would be best to consider all options
available to you. Just signing a new mortgage agreement with your bank, without doing some research
first is not the best option.
Renewing
When renewing, its best to follow these simple steps:
1) Start Early Do your research early and try to secure a better rate as soon as possible.
2) Use Your Research Use the current rates from competing banks to help secure a lower interest
rate at your bank.
3) Never Accept the Posted Rate Always negotiate the posted rate lower. Lower rates can be
offered.
Switching
If your current bank is not the best option for you, you should switch banks. A renewal is a good
time to switch because you will not be penalized.
Renew or Switch
Use a Mortgage Broker
Homeowners who use a mortgage broker during renewal save more money than those who do not. Mortgages
of Canada is here to help you negotiate better mortgage terms.
Every mortgage is different, so please give us a call so we can help you with your renewal.
Call: 1-647-995-3918
Toll Free: 1-800-340-8339
Address 10 Milner Business Court Suite 300, Toronto, ON M1B 3C6
