Cambridge, Woodstock, & Guelph Mortgage Renewals

Most homeowners stay with their existing mortgage lender because they believe it is too time-consuming to receive a better mortgage rate.

If you live in the Cambridge, Guelph, Woodstock, and surrounding area, and your mortgage renewal is fast approaching, then now is a great time to look at the many excellent options and competitive rates available. Lenders send out renewal forms just prior to renewal dates to those with good payment histories. Some will offer early renewals up to six months prior to the term coming to an end. 70% Of homeowners send it back without asking any questions! In today’s hectic world, that can be the easiest and best route, but you should ask yourself some questions before you sign on the dotted line. This is an important moment of opportunity. This is where an independent mortgage professional like me can help offer advice and options to help you get ahead! 

If your mortgage needs have changed, this is the time to find a mortgage product suited to these changes. For example, you may want to consolidate high-interest debt into your mortgage, ensure you have a variable rate to lower penalties for an upcoming sale, or you may want to tap some of your home equity for a renovation project? Or maybe you are considering a rental, cottage, or vacation property?

Are you confident you will get the best rate at renewal? Many lenders will offer their posted rate, not their best rate, this is where it helps to have a mortgage broker on your team with access to over 60 lenders.

Having multiple lenders compete for your business is a great way to ensure you get the best rate for your unique situation. I deal with multiple lending institutions, including major banks, credit unions, trusts, as well as alternate and private lenders. This means significant negotiating power behind finding the best mortgage to fit your specific situation.