DON’T LET THIS MORTGAGE RENEWAL PASS YOU BY
Make your no hassle appointment.
Mac and Mardi* love their dream home they bought almost 5 years ago. Then it was neighbourhoods, houses and down payments that occupied their thoughts. Circumstances have changed with the addition of one dog, two cats a new job for Mac and Mardi is expecting their first child. The garden is lush, deck is almost painted and vacation starts in 1 week – camping in the beautiful foothills. Life is good.
Checking off the to do list before holidays, one detail was to deal with the mortgage renewal that had been sitting on the kitchen table for a week.
Their first reaction was to sign the offer and be done with it before holidays but Mac’s brother Felix * suggested talking to his mortgage broker. They were able to setup a no hassle appointment the next evening. Felix shared with them and that they were not obligated to stay with their current lender, they have the opportunity to shop, just as they did when they took out their first mortgage.
Thanks to the introduction Felix provided, they took advantage of a lower mortgage rate plus some great prepayment privileges. Mac and Mardi also were able to secure a line of credit which Mardi would like to use to upgrade from the tent to nice trailer – for next year’s holidays.
Is your mortgage maturity approaching? Start shopping early, within 4 months of your maturity date, to take advantage of the longest opportunity to get the lowest mortgage rate. Circumstances can change and it is always good idea to review the details to make sure you have the best opportunity available.
* not their real names and some details have been changed to protect their identities.