Your mortgage renewal date is quickly approaching, and if you don’t renew your mortgage, your lender has the right to foreclose on your house. It would seem like the Ontario mortgage company you are buying from has you just where they want you and they can charge what they want for mortgage renewals. Ontario residents, remember: this has happened before.
Get Low Mortgage Renewal Rates
For mortgage renewals, Ontario residents previously had no recourse to address banks offered a rate higher than necessary to renew a mortgage. Now, Rush Mortgage can negotiate on your behalf to ensure that your Ontario mortgage company offers a fair mortgage renewal rate, often lower than the officially published rates, by employing professional brokers who have special relationships with banks across Ontario. If your plans involve mortgage renewals, Ontario mortgage company Rush Mortgage can ensure that you get the best mortgage renewal rate available anywhere.
When it comes to mortgage renewals, it’s a fact that most individuals will be offered a terrible rate by whichever lender the mortgage is with. It is absolutely vital that you do not leave your mortgage renewal until the last minute. You need time to be able to get banks and lenders to compete for your rate. It’s more crucial to have a mortgage broker working for you on renewal than it is when you first buy your home. Banks are still going to try to be competitive for you if you’re a first time home buyer, but for home renewals, hiring a mortgage company is the only way to be sure that you get offered a fair rate.