Renewing your mortgage is as important a financial decision as selecting your first one. While renewing your mortgage, you are 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 loan balance, you are in a good position to negotiate. However, many prefer to just sign their existing Institution’s mortgage renewal form without trying to get a better deal on the new mortgage. This results in a higher rate and a mortgage package that does not cater to your individual needs.
Renewing your Mortgage
With our expertise in the Canadian mortgage industry, we can help you get the most out of your mortgage renewal. Pay off existing debts, clear high-interest credit card bills, renovate your home and do a lot more after renewing your mortgage