1. Second Opinion

A quick call to our mortgage brokers won’t cost you anything.

If you think your lender is offering an unbeatable rate, We can confirm that for you or offer you an even better deal. 

2. Negotiate a better Deal

Don’t assume your lender is too large and distant to be willing to negotiate with a borrower like you. Lenders want to keep you as a client, so use that information to your advantage.

 3. Consider the risks when choosing a Mortgage Type

Be aware about the risks associated with variable and fixed options - with availabe rate there is a possibility it will increase over the term of your loan especially if you purchased your home in a low interest environment and with a fixed rate mortgage be prepared for a harsh financial penalty if you brake your loan agreement.

4. Give Yourself Time

It generally takes a month for the renewal/refinance process to be completed. Instead of waiting until the last minute, start talking with your lender or mortgage adviser four to six months prior to renewal, so you have ample time to plot out your next move.