Over 60% of Canadians do not get the best mortgage renewal rate when they receive their renewal offer. Consumers typically just sign the renewal statement with their current bank rather than renegotiating better interest rates, terms and conditions. This isn’t the best strategy as you could be missing out on an opportunity to save money.
To transfer a mortgage renewal from one bank to another doesn’t cost you any money. Call your trusted Edmonton Mortgage Broker so we can get the renewal process started and get you the best mortgage rate on your next mortgage term!
Mortgages don’t have to be complicated!! We have top lenders and banks in Edmonton that will give you the
Reviewing your financing on a regular basis is very important, especially at renewal time. It provides you with an opportunity to save more money. We want to make sure you get the
Completing a mortgage application early allows Mortgage Tailors to help you implement a strategy of your own. We’ll update you on relevant mortgage products and the
Our job is to stay on top of all the lenders, products and current
There are lenders who offer lower
We strive for service and promise to deliver this with the
Why Not Just Sign the Renewal?
Once you get your mortgage renewal offer, you need to decide whether or not to accept it depending on the interest rate offered. It’s highly unlikely that your current lender that offered you the best rate for your mortgage will offer you the best mortgage rate on your next term. Your best option is to have Edmonton Mortgage Broker Eva Neufeld shop, different lenders, to find an ideal mortgage product that fits your specific needs. Come renewal time, lenders are betting on the fact that you won’t want to deal with switching lenders and the hassle of providing all the documents needed to qualify for a mortgage with a different lender, and therefore aren’t bending over backward to try and keep you. It’s much easier and more convenient to simply accept the terms, sign the document, and send it back, but you could be leaving thousands of dollars on the table because you can probably find better rates and/or more flexible terms elsewhere.
How to Get the Best Mortgage Rate for Your Renewal
In order to get the best mortgage rate at renewal time, you’ll want to consider switching mortgage lenders. Once you’re within 120 days of your maturity date, I can start shopping around. We have the ability to hold a new, special, rate for you until your renewal date comes around. If interest rates rise, you are protected. If they drop, you will always get the lowest rate available. You don’t want to early renew before your current mortgage term is up because you’ll incur a prepayment penalty from your current bank. Shop around near the end of your mortgage term so that you can choose a new lender with better rates and terms and conditions.
What We Bring To The Table
- We shop for you, free of charge
- No cost switch program
- Canada’s best prepayment options
If you are looking for more information regarding a mortgage renewal in Edmonton? Mortgage Tailors is your local Trusted Edmonton Mortgage Broker. We help with Edmonton renewals and securing the best mortgage rates.
Call Eva Neufeld today at 780.244.0505