Mortgage Renewal Pro Tip:
When you receive your existing lender’s renewal offer, always reach out to a mortgage broker to request a free quote on what rates are available. They have access to a wide array of lenders and can look around to see if they can find you a better rate than what your current lender is offering.
These lenders will generally cover the costs associated with transferring to them as well. Typically, they can lock in a rate four months prior to your renewal date, so if rates increase in the market, you will be protected.
Start Your Renewal:
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Top 3 reasons why you should renew with a broker
Top 3 Reasons To Renew With A Broker
Lower Interest Rates
- Save money by taking advantage of lower interest rates that a broker has access to.
Better Mortgages
- By switching lenders you can get better mortgage terms and less penalties to set you up for success in the future.
Sell / Payoff In Full
- By switching your mortgage type during your renewal you can get an open-rate mortgage which will allow you to sell or pay off the full amount in the future without penalties.
How To Renew Your Mortgage With A Broker
1. Send Alex A Request
To start your mortgage renewal you will need to get started with your broker. Your mortgage broker will help you evaluate the best mortgages for your goals.
2. Receive Your Renewals
You’ll receive a variety of mortgage loan offers from your broker.
3. Complete Your Renewal
With your mortgage broker’s guidance you can choose the best loan for your situation.