Mortgage Renewal- You have options.

If your mortgage is up for renewal you have several options. About 6 month prior to the end of your mortgage term, financial institution that has your mortgage will contact you in writing offering you to renew the contract with them. Generally, what they will offer is banks posted rate, not broker’s discounted rate. Posted rates are generally 1.5% higher that brokers discounted rates. If you agree to the contract this may cost you thousands if not tens of thousands of dollars in extra payments over the period of the next term. Contact us and we will try to find you the best possible rate and mortgage terms, at the time, suitable for your situation. Please note that if the existing lending institution offers you better rate, it is our guaranty to tell you that. In simple terms: “we will put money on your pocket or we will not do business with you”. Please select “Register your Mortgage” to be on our watch list for renewal date and best lending rates.