the best mortgage solution for you
My mortgage is up for renewal, what now?
With a mortgage renewal, you have a choice.
Stay with your current lender or switch to a new lender.
If you stay with your current lender, if may take a couple phone calls and a signature and your mortgage renewal will be complete.
If you elect to switch lenders for better terms or better people, then you have to re-qualify with the new lender. It will take a little admin time to pull together the employment letter, paystubs and complete a new application – but the savings can be worth it!
Renewal is also the time to consider whether to include other debts into your mortgage – when your “mortgage free” date is and how you are going to get there.
Your mortgage is also fully open at renewal so you can make a lump sum payment without restrictions or penalties if that fits with your plan.
And if you don’t have a plan – we should be your next phone call.
Contact Us. Make sure your current lender is competitive. And explore your options while everything is flexible.
