Borrowers in Ontario usually spend a lot of time and effort to find an initial mortgage, yet spend
no time shopping around for renewals. By shopping your mortgage renewal, you can save
thousands over the life of your mortgage loan.
Lenders know that almost 60% of borrowers will simply sign and return the renewal notice
because it is convenient. Therefore, this mortgage renewal interest rate is rarely the best
available. As a result, borrowers end up needlessly spending thousands more on their
When your term insurance renews, if you are in good ‘physical health’, the majority of people
apply for a new term which has much better rates than the guaranteed renewal rate.
It is similar with your mortgage renewal. To get the best renewal rate, you need to be in good
Homeowners should start shopping for a new term between four and six months before their
current mortgage term expires.
Even if you decide to stay with your lender, I can represent you to your own financial institution –
usually resulting in a better rate than you could get on your own.
Let me help you become mortgage free faster – contact firstname.lastname@example.org for assistance with
your mortgage or life insurance renewal.