Renewing Your Mortgage
Although a mortgage is one of their most important financial decisions, many Canadians don't put as much thought into renewing their mortgage as they should. We, however, see your mortgage renewal as a unique opportunity to make sure it reflects your current needs.
It is said that 9/10 mortgage owners simply sign and return whatever the bank sends them, without investigating their options at all. Here at Canada Mortgage Team we are here to offer you the expertise and resources so you can take advantage of the competitive mortgage market.
Early mortgage renewal is also an option. You may opt to renew early if the current interest rates are much lower than your interest rate. There are often drawbacks to such early renewals including early payout fees, but these fees might be far less than the money you will save at the new lower interest rate.