What You Need to Know About Renewing Your Mortgage

Posted by on April 12, 2013

What You Should Know About Mortgage Renewals

Homeowners typically do not think about renewing their mortgage until they receive notification from their lender letting them know that the date of their mortgage renewal in Ontario is fast approaching. By then, it is often too late to take advantage of other offers – these homeowners end up locking in again with the same lender, oftemortgage renewal Burlington Ontarion at higher rates and less flexible terms than they could be getting elsewhere.

Start Thinking About Your Mortgage Renewal Early

The truth is, you really need to actively begin thinking about alternative options to your mortgage well in advance of your mortgage renewal date. Doing so will allow you ample time to do your homework and discover other avenues of renewing a mortgage that will help you save thousands of dollars in loan interest, as well as having more flexible terms and conditions with your new mortgage.

By simply accepting the rate and terms of your current lender, you are running the risk of locking into a mortgage that is, in essence, costing you much more than necessary.

Take Action With Independent Mortgage Brokers

Too many Canadians spend way too much money on their mortgage after they blindly renew with their current lender upon signing their renewal notice. Instead of having these hard-working Canadians being taken advantage of, a mortgage expert like Lee Anne Taylor with Home Loans Ontario will work diligently at re-evaluating your specific needs in order to find the mortgage that works best for your and your current situation.  Maybe you want to accelerate payments to become mortgage free sooner?  Perhaps you want to lower your monthly payments or take equity out of your home.  Lee Anne can discuss all your options with you – at no cost to you!

After gathering all the pertinent information about your financials, Lee Anne and her team of experts will do all the leg work necessary to locate a lender that is willing to offer the lowest rate possible for the term of your mortgage, which will essentially help to save you thousands in interest payments.

When you are ready to start thinking about your options and alternatives for your mortgage renewal Burlington Ontario, call Lee Anne Taylor today and lock into a mortgage that will end up saving you hard-earned money!   Visit her website at: www.homeloansontario.ca or call her from Greater Hamilton – Greater Toronto at her Burlington office: (905) 336-8948.

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