Are you aware that at the end of your loan term, you can choose to renew your mortgage exactly as it was with the same terms and conditions? Well, it is the perfect opportunity to negotiate with your bank as well as your mortgage brokers to get the terms and conditions based on your current… Continue reading Everything You Need To Know About Mortgage Renewal
If you are reaching the end of your mortgage term – and you are not fortunate enough to be able to pay your entire mortgage off in full – you will have to renew your mortgage. Generally, as homeowners near the end of their mortgage terms, they will receive some form of communication from their… Continue reading Call Us Before You Renew Your Mortgage!
By far, the most common term for a mortgage in Canada is five years. After those five years are up, you will either have to pay the balance of your mortgage or you will have to renew your mortgage. And since very few people have the means to pay off their entire mortgage all at… Continue reading Why you should call us when it is time to renew your mortgage?
If your mortgage is up for renewal, you bank or lender is required to give you at least 21 days’ notice. Normally at that time, they will also include an offer for renewal. But since most Canadians just blindly accept the first renewal offer, chances are that the lender is not giving you the best… Continue reading How to Negotiate a Better Deal When You Renew Your Mortgage?
It is unusual for lenders to deny mortgage renewals however there are circumstances where it can and does happen. This scenario can be quite frightening for a homeowner because it leaves them with uncertainty about whether or not they will be forced to sell their home. If your mortgage renewal has recently been denied, don’t… Continue reading What to do when your mortgage renewal is denied
It used to be that Canadians looked forward to mortgage renewal time because it meant that they could negotiate a lower rate with their financial institution. But considering that the Bank of Canada has raised interest rates five times over the last year and is likely to do so again in the near future, this… Continue reading Tips for Renewing Your Mortgage
