Mortgage Renewal

With every mortgage, renewal comes the opportunity to reflect on and assess your mortgage needs before you decide on a new mortgage product. Whether your term is six months or 10 years, if you qualify, we will mail your mortgage renewal agreement before maturity. At this time contact us to get the best possible mortgage renewal rate.

Fact* Did you know?

By law, your current lender has to send you a mortgage renewal statement at least 21 days before your term is up, but they will usually mail you a renewal offer for their lowest posted rate that is good for the 30 days before maturity. By extending that offer for 30 days, you’re protected from any potential rate increases during that time. However, you should have done enough research by now to know whether or not it’s the best mortgage rate on the market – and if not, you’re entirely within your right to try to negotiate. However, even if you sit down with your current lender to negotiate their offer, it’s unlikely they’ll be able to give you the best mortgage rate. So, in your last 30 days, you should also make an appointment with us. 

Our mortgage licensed mortgage specialists will discuss your options also, what rates and terms we can offer you.