Ask Yourself These Questions When Your Mortgage is Almost Up for Renewal
Clearly, although your mortgage renewal may seem like a banal procedure, it can be if you do not seriously think about the questions listed below:
- Are you satisfied with your bank or financial institution?
- In your opinion, are there better banks or lenders?
- Is there any major work to be done on the building (windows, roof, kitchen, etc.)?
- Are you now ready for the renovation projects you've been talking about: bathroom, basement, second floor, garage?
- Do you have any debts you want to pay off?
- Are you really sure you have access to the best rate available to you?
- Do you want to buy another income property?
- Is this a good time to invest in an income property?
Careful consideration of these questions will help you secure the best rate and conditions for your mortgage renewal. Do not sign the mortgage renewal that you receive in the mail before speaking to an expert in the field (that means me!) who can help you answer all of these questions.
When your financial institution makes you an offer, don't sign your mortgage renewal without getting market comparables. A commercial mortgage broker who is licensed by the AMF will be able to help you renegotiate your mortgage renewal and answer these questions.
Give us a call today and we’ll put our experience to work in helping you find the perfect solution !
The content of this website is protected by copyright which is the exclusive property of Mortgage Planners – Mortgage Brokering Firm.
Request for submission 