Canadian Mortgage Renewals

When you renew or switch your mortgage, you are simply starting the mortgage process from the beginning. You close out the existing mortgage and take out a new one at a lower rate with a lower principal amount. The renewal process is as important as the first instance you obtained a mortgage or maybe even more so because your personal situation has most likely changed since that first time. This is the perfect opportunity to re-assess your needs and find a mortgage that suits your financial stuation. Before you decide to renew your mortgage with your present lender, remember that this is an ideal time to have todays low rates work for you! There are a number of options open to you that we would love to share with you, including ways to live mortgage-free years earlier than you ever thought possible! Different lenders offer different options for you, and its our job to find the best fit for your situation.