Mortgage Renewals – Almost Have of All Homeowners Sleep Right Through Them.
Given the large financial commitment of a mortgage, it’s surprising that 44 per cent of Canadian homeowners either just accept whatever their lender offers at renewal, or don’t even remember how they renewed!
It’s tempting to just sleepwalk through the mortgage renewal process. But if you’re not doing even the slightest comparison shopping or negotiating, then you’re missing out on an opportunity to save thousands on your mortgage. When your lender sends you a letter saying it’s time to renew… what that really means is that it’s time to get advice. Professional, independent advice.
Get an expert second opinion on what you’re being offered. We’ll take a look, and compare it to what we can find out there as an alternative among the 50 or more lenders we have access to.
Got a mortgage renewal coming up in the next six months? Give me a call and I will connect you with someone that can help.
This entry was posted on October 2, 2013 by kevinbakerrealestate. It was filed under Buyers, Local Kitchener Waterloo, Sellers and was tagged with Bank of Canada, banking practices, condo, condo buying, first time home buyer, home value, kevin baker, Kitchener waterloo, loft, lofts in kitchener, Mortgage News, Mortgage Rates, real estate, real estate investing, Remax, sales rep, Twin City Realty, waterloo ontario, waterloo region school board.