Is Your Mortgage Renewal Date Approaching? Get a Better Product and Lower Mortgage Rates.
When your mortgage term is up, it becomes open for renewal. Many homeowners renew with their current mortgage provider. This can be a mistake as the renewal of your mortgage is an opportunity to shop for the best rate and products that suits your current needs. When your mortgage is up for renewal, there’s no legal fee to switch lenders. So why not take the opportunity to review all your options so you can move forward with your financial goals.
Since your mortgage term is open at renewal, it is a great time to review your current mortgage needs and financial goals. Consolidating high interest rate debt, pulling out home equity for a renovation, purchasing a second property are just a few of the many options that are open.