If you are looking to purchase a new home, there is a good chance you will need a mortgage. Every client has different financial goals and ambitions, there are many mortgage rates and products to choose from. Call me to discuss the best options specific to your financial needs.
I always tell my clients renewals are just as important as the original term. My relationship does not end at the time of funding on your home, it lasts as long as you have or need a mortgage. About 6 months prior to renewal time, your current lender will send you a letter in the mail looking for a signature to renew with them.
Most renewal offers are +0.50% higher than what is market competitive. More importantly, rates & products available to the market change all the time. Just because your current lender was offering the best rate & product a few years ago most certainly does not mean they have the best product today. Switching your mortgage from one lender to another does not require any other significant banking account changes. In almost all cases there is no appraisal or legal fees involved.
Rather than letting the banks prey on convenience, let a mortgage broker do the work for you. Convenience and independent advice, but at a much lower cost to you.
Looking to invest? Renovate? Would you like to secure a lower rate or a mortgage product with more offerings? Perhaps you own your own business and are looking to grow? Maybe you would even like to consolidate some debt.
The truth is there are endless reasons to refinance, so many that some may over look refinancing as an option.
Refinancing can help reduce your mortgage payment, build equity more quickly, acquire funds for investment purposes, renovate, and even consolidate debt.