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Renewing Your Mortgage

on 31 March 2015

Are you getting the best mortgage renewal product? Don’t be too quick to sign your mortgage renewal. Numerous Canadians with mortgages simply sign their banks renewal letter, many times resulting in a much higher interest rate and a mortgage product that is not as competitive. This is why it is essential to have your mortgage reassessed and shopped to multiple bank banks all vying for your business.

Rate is just one element to consider when your mortgage comes up for renewal. Consider the following questions: Do you plan on selling your home, is your mortgage almost paid out, do you want to put lump sums down on your mortgage every year or do you want to increase your payments in the future?  Finding a mortgage product that has flexible terms and conditions to meet your current and future needs is just as important as the rate you receive.

It’s important to understand all your mortgage options upfront. Dreyer Group Mortgages is here to help. Call us today at 1-800-687-9020 or go online to hold your best mortgage now.