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Mortgage Renewals
Make the most of renewal by reassessing terms and rates, potentially securing better options; act now to explore your renewal options and optimize your financial future.
A significant number of homeowners choose to stick with their current mortgage lender, often perceiving the process of securing a better mortgage rate as overly time-consuming.
However, as your mortgage renewal approaches, it presents a prime opportunity to explore the array of excellent options and competitive rates currently available in the market.
Lenders typically dispatch renewal forms just before renewal dates, particularly to those with commendable payment histories. Surprisingly, around 70% of homeowners return these forms without delving into potential alternatives. While this streamlined approach may seem convenient, it's crucial to pose some key questions before committing to a renewal. This juncture is not only significant but also ripe with opportunities. Seeking the guidance of an independent mortgage professional, such as myself, can provide valuable insights and alternative options to propel you forward.
Consider whether your mortgage needs have evolved. This is the moment to assess if you want to consolidate high-interest debt into your mortgage, leverage home equity for a renovation project, or explore the possibility of acquiring a cottage or vacation property. Are you confident that the renewal rate offered is the best available?
Engaging multiple lenders in a competitive bidding process is an effective strategy to secure the most favorable rate for your unique situation. Drawing on my relationships with various lending institutions, including major banks, credit unions, trusts, and national and regional lenders, empowers me with substantial negotiating power. This ensures that we can identify the optimal mortgage solution tailored to your specific circumstances. Don't miss this opportunity to potentially enhance your financial position – let's navigate the possibilities together.
What's Next?
Not Sure What You Can Afford?
Download our FREE user-friendly app, allowing you to pre-qualify and assess what you can afford independently. Input your financial details and explore various mortgage scenarios based on your income, expenses, and future goals.
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Ways our app simplifies the home buying process:
Determine your total home ownership costs effortlessly.
Discover the maximum loan amount you qualify for.
Estimate the minimum down payment required.
Compare options side by side for a clearer view.
