Renew Your Mortgage - with NO Stress!
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Mortgage Renewal Canada
Carpe Diem—seize the moment to get a better rate and save some cash.
You don’t have to stick with your bank’s offer. Our friendly, expert mortgage brokers can check around for a better deal, and maybe even a better mortgage fit.
Once you have a mortgage, you normally settle into a pattern of payment. Most Canadians deal with the mortgage renewal process in much the same way.
In fact, 85% of Canadians auto renew with their lender just because it’s simple. This means 85% of Canadians might be paying too much. Don’t just settle for what the bank is willing to offer, know your options.
If you want to ensure you get the best rate, consider these tips:
- Do your research: When you’re looking for a renewal rate, it’s best to do broad research on the current rates, and then narrow your search to financial lenders you feel comfortable doing business with. You can opt to have a mortgage broker do this research for you, for free.
- Consider a pre-approval: By obtaining a pre-approval, you can guarantee your rate up to 120 days before your current mortgage comes due. This guarantee protects you in case rates go up before your mortgage maturity date, which can save you thousands of dollars down the road.
- Use online mortgage tools: A renewal calculator can give you an accurate idea of what your financial commitment will be. If you can afford to do so consider bi-weekly payments, instead of following a monthly schedule, to save on mortgage interest.
The Mortgage Renewal Process Made Easy
Your mortgage may well be your most significant investment. The mortgage renewal process is therefore quite important – it gives you an opportunity to revisit your financial commitment.
Most Canadians opt for a quick renewal process, choosing to have a friendly negotiation meeting with their bank, and accept what they are offered. This is what most lenders are counting on to happen; after all, that method provides them with extra profit.
Ready to get started? Try our quick, secure, online application. Our experienced mortgage team will begin the approval process, right away on your behalf.
Ever felt like you could've gotten a better rate last time?
You wouldn’t be the first. If you’re dealing with “rate remorse,” we’re here to help.
At Brokers for Life,
getting you the best mortgage is our jam (like to eat the stuff too).
We make it easy by checking with all lenders, even your current
bank—we’re competitive, and we’ve got your back.
We’ll secure the best rate you qualify for with a Real Life Mortgage Solution.
Our advice? Totally free. And we’ll break down your renewal options so you can make a decision with ease.
If
you decide to switch lenders or make a change, there might be some
paperwork, appraisals, or pre-payment penalties you weren’t expecting.
Don’t worry—we know the drill and we’ll guide you through it all,
stress-free and fully transparent.
Don’t wait for your bank’s renewal statement. Start exploring your options now.
Not time to renew just yet - get this handy RENEWAL REMINDER TOOL!
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