Is Your Mortgage Renewal Date Approaching?
When your mortgage term comes up for maturity it becomes open for renewal. During this period you can negotiate a new term and new interest rate for your mortgage. Very often homeowners make the mistake of keeping their mortgage with their current lender and don’t realize that there are better offers available at other banks. Easy Mortgage strategists will take the time to structure a plan that will allow you to pay off your mortgage quicker. We shop the market aggressively to make sure our customers get the best rates and products available to them. Getting started on your mortgage renewal early will give you time to analyze your own finances and decide whether you want to switch your term or switch to a different lender altogether. When your mortgage is up for renewal, there’s usually no legal fee to switch lenders. So why stay with a lender who won’t give you the best deal?