Mortgage Blog

Mortgage Renewal

June 5, 2019 | Posted by: Holly Cochrane

Do you have a mortgage renewal just around the corner? Too many borrowers sign their mortgage renewal form without thinking twice or investigating their options. Don’t be part of this statistic as you approach this financial milestone. Holly Cochrane from the Holly Cochrane Mortgage Team suggests “This is an important moment of opportunity and the best time to look at the many mortgage options and competitive rates that are available to you for your next mortgage.”

SAVE MONEY

Your current lender has no incentives to offer you the most competitive rate if you sign your initial renewal form and by using a Mortgage Professional, you can deal with dozens of lending institutions including banks, credit unions and trusts.  “As your mortgage term has completed, the ball is in your court. You can access the best lender offering you the best rate without paying penalties to move,’ advises Holly. By using a Mortgage Professional, you can deal with dozens of lending institutions including banks, credit unions and trusts.

ACCESS YOUR EQUITY

This is also the perfect time to consider tapping into some home equity to consolidate debt, complete a renovation project or purchase a vacation property. With a maturing mortgage, you can evaluate your goals and future plans.

TAKE ACTION

Even if your mortgage renewal is not coming up, by registering your renewal with the Holly Cochrane Mortgage Team you will be in the best hands. “My team will remind you when your renewal is coming up and we can start to explore your options,’ says Holly. “We want to ensure that you don’t miss the chance to get the most favourable rate, term, and conditions.”

 Don’t wait to get your renewal notice in the mail and certainly don’t sign on the dotted line. Contact the Holly Cochrane Mortgage Team on 780-485-7908 to register your renewal and have your options reviewed by a team of mortgage professionals.

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