Refinancing or Renewing Your Mortgage

Don’t Sign the Renewal Form Yet!

Did you know that over 70% of homeowners just sign their mortgage renewal offers with their current lender without even considering what their competitors are offering?  As I mention in my article on getting your mortgage with a Mortgage Broker vs. The Bank, there are many things that banks will do to increase their profits (at your expense), and it is in your best interest to see what other options are out there for refinancing your mortgage.

Switching Your Renewal Won’t Cost Extra

Many of my clients who have their renewals coming wish to avoid switching because they believe there are extra costs involved with doing so.  However, if you are not increasing your loan amount in your switch or renewal (as opposed to a refinance where you are taking out extra funds), I have lenders who it will not cost any extra funds to switch your mortgage renewal over to them.  It is almost as easy as renewing with your current mortgage lender, but you will save a lot of money.

Refinancing Your Mortgage Before the Term End

If your mortgage is not up for renewal yet, it still might be in your best interest to refinance your mortgage.  Penalties to break mortgages can be low and lower interest rates can allow you to recoup the penalty in as little as a few months.  If you have some debt and would like to get a mortgage debt consolidation loan, it can make the decision even easier.

Start Saving Money On Your Mortgage Today!

I have many lenders offering the best mortgage rates from “A” mortgage lenders for consolidation and renewal.  If you like saving money, just fill out the simple form below, and I will be happy to assist you in getting a mortgage you will be ecstatic about.