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Category: Renewing Your Mortgage

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Your mortgage is coming up for renewal...now what?

Saturday, May 29, 2010

Posted by: Roula Vagopoulos

Your mortgage is coming up for renewal. Your mortgage term has expired and you are now a “free agent”. Don’t get fooled by your bank who will likely offer to renew your mortgage at their posted mortgage rate vs. the market’s discounted mortgage rate. One of the smartest things you can do is to have a Mortgage Agent shop your mortgage renewal to more than just one bank, all of whom want your business. At MonsterMortgage.ca we do the work for you and we can guarantee you a rate four months in advance of your renewal date which can save you thousands of dollars in interest costs which contributes to your bottom line, not your bank's. Quick fact your bank won't tell you...transferring your mortgage to a new lender with better terms and a better interest rate won't cost you a dime! The new lender will cover all of your costs. Still not sure, consider the following:

  • Should you be loyal to yourself or your bank?
  • Do you think you would get a better mortgage strategy from one bank or by shopping it to over 20 lenders that will fight for your business?
  • Why will your bank offer you their posted rate vs. their discounted rate along with a four month low rate guarantee?

As I mention in the video blog, REGISTER YOUR RENEWAL with MonsterMortgage.ca and you could WIN A FREE MORTGAGE PAYMENT.

If you want to learn more about your mortgage renewal than register to receive a FREE REPORT listing 20 reasons to renew your mortgage through MonsterMortgage.ca.