Mortgage Renewal Options
Mortgage Renewal time provides an excellent opportunity to explore a variety of options that are available beyond a simple renewal.
Simple Renewal Based on the Current Rates
Banks will send a renewal letter close to the term end date. While it may be an option to simply renew to a new term, it is recommended to discuss all available options with an independent mortgage broker.
Mortgage Refinancing
The most frequent option at renewal time is to refinance the existing loan to lower mortgage payments or to access the existing home equity. Many choose to take out funds from the existing equity to consolidate debt or renovate
their home.
Mortgage Lump Sum Payment
Renewing for a lower mortgage amount will often result in a lower interest rate. Explore this option before committing to a new term.
Addition of a 2nd Position Mortgage and HELOC
More advanced solutions are available at renewal time. Explore all your options by working with the team at Access My Home Equity to find the optimal solution.
Work with a Mortgage Broker
Access to industry leading lenders
The team at AMHE works with most lending institutions providing us with many solutions available for client needs. While each specific bank would only offer their best products, our team will provide you the best solutions
industry-wide.
Expertise to provide optimal mortgage solutions
The wealth of knowledge and expertise in all mortgage solutions available on the market helps us identify and offer the ideal mortgage product for all client needs.