Mortgage Renewal

While most Canadians spend a lot of time, and expend a lot of effort, in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals.By omitting proper consideration at the time of renewal, this practice costs Canadian citizens thousands of extra dollars every year. Nearly 60% of borrowers simply sign and send back their renewal that is first offered to them by their lender without ever shopping around for a more favorable interest rate.

The practice of mortgage renewal catches many Canadians off guard. While it is common to invest a lot of time for the perfect initial mortgage, the same is generally not the case when gauging out mortgage renewals. There is no denying that simply signing the renewal and continuing the current conditions of your loan is tempting. However, this is not the best option with the ever-fluctuating interest rates. Well, it is such a context of ambiguity that the professionals like Jaspreet Bansal come into the picture. We understand what is in your renewal statement to evaluate your needs and then provide you with the optimal mortgage renewal solutions from the best brokers in the industry.