Mortgage Renewals
 

If your mortgage is up for renewal chances are you haven't thought twice about it, what most people do is receive a mortgage renewal form in the mail, sign it and send it back. The process of a mortgage renewal is one of the decisions most homeowners neglect the most when it comes to their mortgage. Many homeowners believe that they don't need to shop around with another bank because their bank will automatically offer them the best rate available, they also think it will be too time consuming and a lot of hassle to switch to another bank, this is a very costly misconception!

In our experience most banks do not offer their best rates to the home owner for a renewal. The banks know that most people will just sign because it is easy, so they offer a higher rate and increase their profits. They also know that some people are smart enough to try to negotiate the rate with their bank so they offer a higher rate so there is room to negotiate, that way the client is happy because they feel like they negotiated the best rate with the bank and the bank is happy because they have secured a higher rate.

Even if a bank does happen to give the client their best rate we can assure you that they will not tell you if another bank is offering a lower rate. It is not in the banks best interest to let you know that their competition has a better deal. Many informed homeowners are discovering the benefits of using a mortgage broker for their renewals, the most important benefit is the unbiased advice you receive from your broker.

As a mortgage broker we do not get paid by the clients, we are compensated by the banks and all lenders pay relatively the same commission, so it makes no difference to us which bank we refer you to. It is in our best interest to keep our clients happy as we get most of our business through client referrals, the best way to keep our clients happy is to offer them the best rates available up front and offer the best unbiased advice.
 

Get a FREE no obligation quote for your mortgage renewal quote today.

Call 1-866-924-4295 to speak to an agent or follow the link below to apply.