Mortgage Professional


While most Canadians spend a lot of time, and expend a lot of effort, in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals.
By omitting proper consideration at the time of renewal, this practice costs Canadian citizens thousands of extra dollars every year. Nearly 60% of borrowers simply sign and send back their renewal that is first offered to them by their lender without ever shopping around for a more favourable interest rate.

Homeowners should never accept the first rate offer from their existing lender. Without any negotiation, simply signing up for the market rate on a renewal is unnecessarily costing the homeowner a lot of money on their mortgage.

Generally it is a good idea to start shopping for a new term between four and six months before your current mortgage term expires. Many lenders send out your renewal letter very close to the time that your term expires and this does not give you ample time to arrange for a mortgage term through a different lender. This means that you need to be tracking your own mortgage term timeframe and know when it is time to start shopping for a good mortgage renewal rate.

Before you ever hear from your lender about renewing your mortgage term, have a licensed mortgage professional shop around for you, you will be amazed at what they can accomplish on your behalf!

Your mortgage is one of your biggest expenses. For this reason it is imperative to find the best interest rates and mortgage terms you possibly can. By shopping around at renewal time you can save substantial amounts of money over the life of your mortgage loan. Don’t be one of the 60% who just simply sign their renewal letter and send it back. Talk to Jodie to ensure the lenders compete for your business.


The perfect time to save money on your mortgage

Life is hectic and you’ve already done the work of buying your home and securing a mortgage. Your lender would prefer you to just sign and return your renewal letter, agreeing to their terms and rates. It’s so easy that over 60% of borrowers sign the letter and send it back.

It’s tempting. Why complicate a process that they have made so easy?

Because you can save thousands of dollars.

I can help. As a mortgage professional I can shop around and negotiate to get you a better rate.

What do you need to do? Know when your term expires. Your lender may put extra pressure on you by sending your renewal letter close to when your term expires. Getting in touch with me four to six months before your term expires is plenty of time to set yourself up for financial success.

Jodie Kristian

Mortgage Advisor

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