If you bought a home in 2018, your mortgage renewal is likely this year, as most mortgage terms are 5 years long.
Upon receiving your mortgage renewal letter from your current bank, you will see available renewal options. However, it’s essential to remember that, in most cases, this is an automated process that will not offer the best rates.
As of May 2023, many of our clients have received renewal offers with rates that are 1% higher than current market rates.
At our firm, we are a team of licensed Mortgage Brokers with access to top leading lenders in the industry. We work with clients at mortgage renewal time on a regular basis. We are committed to ensuring that our renewal offer provides the best mortgage terms, such as interest rate, prepayment options, term length, and other critical factors.
The best part? Working with a Mortgage Broker doesn’t cost you anything. We work on your behalf to secure the best terms in the industry and get paid directly by the banks.
At mortgage renewal time, it’s crucial to contact a Mortgage Broker to find better terms than the ones offered by your bank.
Just one simple action can save you thousands of dollars in interest payments!
So, who should you contact? Contact our team, led by Igor Morgun, and let us help you secure the best possible mortgage terms to meet your financial and real estate goals.
Igor Morgun
604-362-4467