Almost
half of homeowners sleepwalk through their mortgage renewal
Given the large financial commitment of a
mortgage, it’s surprising that 44 per cent of Canadian homeowners either just
accept whatever their lender offers at renewal, or don’t even remember how they
renewed!
It’s tempting to just sleepwalk through
the mortgage renewal process. But if you’re not doing even the slightest
comparison shopping or negotiating, then you’re missing out on an opportunity
to save thousands on your mortgage. When your lender sends you a letter saying
it’s time to renew… what that really means is that it’s time to get advice. Professional, independent
advice.
Get an expert second opinion on what
you’re being offered. We’ll take a look, and compare it to what we can find out
there as an alternative among the 50 or more lenders we have access to.
Got a
mortgage renewal coming up in the next six months? Let’s start talking!
* A recent CAAMP/Maritz survey found that only 56%
of renewers negotiated, 44% took the mortgage rate originally offered by their
lender (39%) or just didn’t know how they renewed (5%)
Michelle Natareno
Mortgage Agent
519-675-8798
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