When your mortgage is up for renewal never automatically renew with your current lender before exploring all of your options.  Doing so could cost you thousands of dollars with higher mortgage payments and less attractive features.  Here are a few options we can explore:

SWITCH LENDERS  I will compare current rates from lenders to try and save you money and secure a product with better features.  I can most often get a you lower rate than is being offered by your current lender.

REFINANCE If you would like to access some of the equity in your property for a renovation, big purchase, or down payment on a second home this is the perfect time to look at refinancing as you won’t pay a prepayment penalty.

ADJUST AMORTIZATION We can look at switching to a shorter amortization to pay off your mortgage faster, or a longer one to lower your monthly payments.  In this current environment of higher interest rates, extending your amortization would help to offset the increased monthly payments.

MAKE A PREPAYMENT Now is a great time to make prepayments on your mortgage to pay it off faster, save on interest and lower payments on the new term.

FILL OUT THE INFO BELOW!   Let’s get started exploring your options to save money on your renewal!