It seems like summer had just begun and suddenly it feels like we are preparing for Autumn to awaken. Just like the seasons’ change - so does our lifestyle, personal goals and possibly financial situation. When your Mortgage is up for renewal, a lot of things could have changed in the last five years. The Mortgage product that was right for you five years ago, might not be right for you right now. Your Mortgage renewal is the perfect opportunity for you to re-evaluate your situation as well as your goals for the future, and see if there may be a better mortgage product out there for you.
This process is just as important as the first time you got a Mortgage. While it is generally quicker, you still need to be aware of the current market, your financial situation and what options you have.
Of course one of the best parts about having a Mortgage Broker is, we do a lot of the legwork for you! We do the research and work on finding the right product for you, switching Lenders or possibly using the equity in your home to consolidate your debt or finance a larger purchase.
Whether your renewal is coming up in six months or a year, if you have any questions at all - please contact us.