With every mortgage refinance/renewal comes the opportunity to reflect and assess your mortgage needs before you decide on a new mortgage product. You can renew your mortgage as early as 120 days in advance. You also have the option of renewing your mortgage at maturity, in which case we will provide you with the lowest going rate.
Upon renewal you also have the option to switch or transfer your mortgage. This involves moving your current mortgage from one lender to another without changing anything except for the term and interest rate. A switch is beneficial when you want to take advantage of lower rates in the market without changing any other aspect of your mortgage. Depending on your situation and current mortgage contract, doing a switch at the end of your mortgage term will allow you to completely avoid penalties. A great advantage of this is the lender who receives your new mortgage will cover the cost of an appraisal if it is needed and they will cover the cost of legal fees to move your mortgage to them.
Did you know that it should never cost qualified applicants to have a Mortgage Broker looking out for their best interests? We are compensated by the lender & in most cases, we offer our services free of charge to our clients. We are dedicated full service mortgage/financial professionals focused on doing what`s best for our clients! We pride ourselves on providing clients with financial solutions that are specific to their needs and lifestyle.We know that different people need different things in a mortgage.
