Canada Mortgage Renewal
Renewing your mortgage in Canada is as important a financial decision as selecting your first mortgage. Renewing any Canada Mortgage Renewals, you are usually in a stronger financial position as compared to where you were before. Your home equity grows over a period of time and by decreasing your principal mortgage loan balance, you are in a good position to negotiate.
At the time of your Canada mortgage renewal, banks tend to take advantage of your busy schedule and ask you to sign off on a mortgage renewal form indicating their posted rates with little to no discount. Many individuals simply sign their existing lender’s mortgage renewal form without trying to get a good deal on the new mortgage. This results in a higher rate and a mortgage package that does not cater to your individual needs.
In getting your first mortgage, you most likely researched various lenders, asked questions and consulted with a Canada mortgage broker. Renewing your mortgage should be no different.
With the help and guidance of a Syndicate Mortgages Professional, you could get the most out of your Canada mortgage renewal. This will allow you to pay off existing debts, clear high-interest credit card bills, access extra funds renovate your home or simply get the best mortgage rate available.
If you would like to receive a free quote contact us to speak with a mortgage professional today!