Transfer / Renewal
Is your mortgage renewal approaching? Dont settle for your current provider but allow us to do the shopping for you, and find you the best rate possible. Transferring can open you up to different rates and products that you may not have known are available to you.
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Frequently Asked Questions
What is a mortgage renewal?
A mortgage renewal occurs when the term of your existing mortgage expires, and you sign a new term agreement for the remaining balance of the mortgage. This is an opportunity to renegotiate terms, interest rates, and possibly change lenders.
What is a mortgage Transfer?
A mortgage transfer, also known as porting a mortgage, allows you to transfer your existing mortgage to a new property. This can be beneficial if your current mortgage has favorable terms or a low-interest rate that you wish to retain.
Can I switch to a new lender during my mortgage renewal?
Yes, during a mortgage renewal, you have the option to switch lenders if you find better terms or rates. This might involve additional steps such as reapplying and qualifying for the new mortgage.
How can I get the best deal?
To get the best deal, start the process early and compare offers from different lenders. Consider consulting with a mortgage broker that can shop around for the best mortgage options that suit your needs.