MORTGAGE RENEWAL
When your mortgage term comes to an end and you have a mortgage balance, you will need to renew your mortgage into a new term, unless you are planning to pay the balance off in cash.
If you are planning on renewing your mortgage with your current lender, you may be leaving money on the table.
We @themortgageespecialist.com offer a FREE 30 minute phone consultation to help you determine your best course of action with your Mortgage Renewal.
Learn how to negotiate a better deal. You may also want a new mortgage product upon renewal, and we will show and guide you how to choose the mortgage that suits your future goals.
At renewal, this is the best time to seize the opportunity to assess your financial goals. And evaluate whether your mortgage is aligned with these goals, or whether you can use your mortgage to align with your financial goals.
Your current lender will try to make it easy for you, by sending your renewal agreement in the mail. And all you have to do is sign and send it back. Many people in Canada renew their mortgages in this fashion.
Those who do, there is a good chance that they are leaving money on the table.
If you are interested in understanding and learning how exactly a mortgage can help you achieve your financial goals, we suggest that you take the pro-active approach with your mortgage renewal.
Watch this video for introductory information on mortgage renewals.
This video offers generic advice about the process…feel free to give us a call to discuss your particular situation, for custom-tailored advice.
Do you have a Mortgage Renewal Coming Up?
Mortgage renewals are big business. And we know exactly how big. In fact, the mortgage industry particularly the banks literally ‘bank’ on you simply renewing your mortgage with your existing provider by enticing you with some ‘one-time-offer’ rate.
Many people are not well informed of their options. You can opt out with your current lender, especially if they are not offering you a competitive rate. And most of the time, they will not.
The banks don’t like it when their secret gets out, but we here at themortgagespecialist.com, we work with you to get you the best deal for your situation. 70% of mortgage holders simply sign and send that renewal paper back to the bank.
If you have a mortgage renewal coming up and are unsure about the best course of action for your home and family, contact us today. We can look at how long you’re planning on staying in your home, your current and future financial goals, and most of all to determine what type of mortgage renewal is ideal for you and your family.
Once we know what your goals are we can leverage our negotiating power as mortgage brokers to get the rate that will help put you on track to paying off your mortgage faster. And put you on the path to financial independence.
Interested in setting up a call? email me at [email protected] if you require a connection outside of normal hours and too busy to find a time slot that fits your availability Click here to schedule a meeting with Aleem
3 Tips For Renewing Your Mortgage
- Avoid higher rates
- Avoid unsuitable products and terms
- Don’t be part of the masses!
We can take care of all the details for you and assist you in negotiating with your existing lender or help you find a new lender who will give you a very competitive rate.
You may not know who your ideal vendor is, who can give you the best rates, or which mortgage term is best for your long-term homeownership and financial goals.
Note that what you don’t know can and likely will hurt you financially.
Here at The Mortgage Specialist, we believe in working with our clients to help them learn and know all their options when it comes to renewing the biggest investment they have ever made.
Give us a call at 778 233 2377 or fill out the form below for no-obligation, free advice on a mortgage strategy session.
How Can I Help?
MORTGAGE SERVICES
Mortgage
Purchasing
Let’s be honest, not many people can pay for their home in cash… Most people will need a mortgage to purchase real estate.
Our process starts with a 20-minute phone call. Often times, we can address 99% of your questions & concerns, and we can tell you how much of a mortgage you’d qualify for.
Mortgage
Refinance
It might seem strange, but you might actually be able to save money by refinancing your mortgage… Depending on the rate environment and your contract, I can help you figure out if it makes financial sense for you to refinance. Even with the fees & penalties – you could save thousands.
Mortgage
Renewal
If you are planning on renewing your mortgage with your current lender, you may be leaving money on the table. We can negotiate a better deal. You may also want a new mortgage product upon renewal, and we will show and guide you how to choose the mortgage that suits your future goals.
Debt Consolidation
Mortgage
Do you want to use your mortgage to consolidate your debt to manage your credit cards, car loans, taxes, or any other high interest bills? When executed well, alongside a short – and long-term plan, debt consolidation loans can help you reduce your overall debt burden while freeing up cash flow.
Sepration or Divorce
Solution
The truth is that divorce is difficult and stressful enough on its own. And when living arrangements, mortgages and financial instability start to pile up, it becomes a disaster. Don’t go into your divorce or separation with your eyes closed… You should be prepared for every financial thing that your partner could throw your way.
Mortgage Special
Servicese
In addition to our normal offerings, we have special programs for special situations. Learn more about our 10-Year Mortgage Rates, Mortgages For Heroes, & our Mortgage Adoption Process.