Are you one of the many who just signs the first offer that
your existing mortgage provider offers you during a mortgage
renewal? If so, do not look any further. Over 50% of mortgage
holders do exactly this and this simply translates to higher
rates and the term and product selected may not necessarily
fit with their short and long financial goals. Banks tend
to make the majority of their profits from mortgages on a
client’s renewal rather than when they first attract
the client with the initial offer.
Keep in mind that your mortgage is more or less a commodity
that each lender would love to compete for. Don’t settle
for the first offer your lender provides you with. Shop it
around.
Our dedicated team of professionals can assist you with
this process. With access to over 20 lenders (from the likes
of Scotia, TD and HSBC to the wholesale channels like ING,
Firstline and MCAP) we will shop your mortgage around until
we find the best rate, term and product.
If you are within 6 months of your renewal date, then take
the time to apply
with our office.
If your mortgage isn’t coming up for renewal in the
next 6 months, then take advantage of our proprietary Mortgage
Tracking Program, by clicking
here. This proprietary software alerts us up
to six months in advance that you have a mortgage coming up
for renewal and of any refinance opportunities which may increase
your net worth or put you in a positive cash flow position.
Broker Lic. #10524
