" Every year, over 70% Canadians lose thousands of dollars
by automatically signing up renewal papers upon mortgage maturity
without considering mortgage options with other lenders. "
Is your mortgage coming up for renewal? Do you know that over 70% of Canadian mortgage holders lose thousands of dollars when they renew their mortgage by automatically signing renewal papers without considering other mortgage options? Ironically, the best time to switch lenders or sign up for better rates is when mortgages come up for renewal.
Ideally, you should make arrangements at least 60 days in advance before your mortgage matures. However, most people forget about it until their lender sends them a notice 30 days before their mortgages are due for renewal. A 30-day notice limits your time to shop deals with other lenders and negotiate a better rate.
That is why we came up with our Renewal Alert Program. Signing up for it is free and you can take advantage of our service reminding you when your mortgage is maturing at least 90 days in advance. Additionally, we will aggressively negotiate the best rate and provide you with the best mortgage options available at that time to make sure you are paying the lowest interest and saving the most money.
Remember, you can get a rate-hold for up to 120 days at no cost and no obligation once we get you pre-approved for a new mortgage. Should the rates suddenly increase during that time, your rate is protected by the pre-approval. Should it decrease, you’ll get the lower rate.
