RENEWING YOUR EXITING MORTGAGE

If you're preparing to negotiate your mortgage term renewal, our expertise lies in assisting customers in saving substantial amounts of money by securing the best rates available. With access to over 50 mortgage lenders, we ensure that you receive the most reliable mortgage policies and favorable rates. While the mortgage renewal process is less complex than purchasing a new home, it's crucial to consider a few key factors to make an informed decision.

• New Monthly Payments :When renewing your mortgage, you have the opportunity to modify your amortization and adjust your monthly payments. After having the mortgage for a minimum of, let's say, 5 years, and having a clear understanding of your comfortable payment amount, we can customize the term and amortization accordingly to meet your needs.

• Any upcoming major renovations: If you had plans for long-awaited renovations during your previous mortgage term or if you're considering adding a pool to your backyard during the summer, we can assist you in accessing the equity in your home. This will provide the necessary funds to fulfill these major renovation projects that you've been waiting to undertake.

• Paying down some high paying debt: Leveraging mortgage renewal presents an excellent opportunity to consolidate debts and refinance your total debt at a lower interest rate, resulting in manageable monthly payments. This strategy enables you to accelerate your debt repayment and offers peace of mind, as the funds previously allocated towards high interest are now utilized to pay down your debt.