Get the best terms when you renew your mortgage!
If your mortgage is up for renewal within the next six months, contact us directly to look at your options.
Don't just sign your renewal documents from your lender, let's look at all your options. Let us handle the negotiations on your behalf!
While most Canadians spend a lot of time and effort shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals.
In fact, it's estimated that nearly half of borrowers simply sign and send back the initial renewal letter offered by their lender without looking around at other mortgage options. This is costing Canadians thousands of extra dollars every year. Don't ever accept the first offer from your existing lender. Without any negotiation, simply signing up for the market rate on a renewal will cost you a lot of money.
Generally, it's a good idea to start shopping for a new term between four and six months before your current mortgage term expires. Many lenders send out your renewal letter very close to the time your term expires, and this does not give you ample time to arrange for a mortgage term through a different lender.
Your mortgage is one of your biggest expenses. For this reason, it's imperative to find the best mortgage terms to lower your overall cost of borrowing. By shopping around when your mortgage is up for renewal, you can save substantial amounts of money over the life of your mortgage. Don’t be fooled into simply signing your renewal letter and accepting lousy mortgage terms. Let us handle the negotiations for you.
If you have a mortgage up for renewal, get in touch by completing an online application.
3 easy steps to securing the best terms upon renewal.
Connect with us
The best place to start is to connect with us directly. Just because the lender you're with now was the best choice when you got your last mortgage, doesn't mean they are the best choice for your next mortgage.
Consider your options
Sorting through all the different mortgage lenders, rates, terms, and features can be overwhelming, especially upon renewal. We'll outline the best mortgage products on the market, and review them with you.
We'll handle the details
When it comes time to arranging your renewal, we'll handle the negotiations with the lender for you. This ensures you get the best mortgage product that lowers your overall cost of borrowing.
Renew your mortgage with confidence.
Don't just sign your renewal documents, there are better options available. We'll show you the way.
Reviews from happy clients.
Resources to help guide you through the mortgage renewal process
Protect Yourself at Renewal
It’s a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that the lender is somehow obligated to renew your mortgage. Learn why this isn’t the case here.
Fixed-Rate or Variable-Rate Mortgage
If you’re considering your mortgage options at renewal and debating between a fixed and variable rate mortgage, consider the penalty incurred should you need to break the mortgage.
What Banks Won't Tell You About Mortgage Financing
If you have a mortgage up for renewal, and you’re thinking about connecting with your bank directly, save yourself a lot of money and have a look here first.
Understanding Payment Frequency
Did you know that you have an option to accelerate your mortgage payments as part of your regular payment schedule? If your mortgage is up for renewal and you're considering all your options, your payment frequency can help pay off your mortgage faster.
Pay Down Your Mortgage Faster
If you have a mortgage up for renewal, and you’re thinking about how to accelerate your payments, here are four things you can do to become mortgage-free sooner.
If your mortgage is up for renewal, please connect anytime. It would be a pleasure to work with you.
Send a Message
Send A Message
Contact Information
Pacific Coastal Mortgage Group
101-2609 Westview Drive
North Vancouver, BC
V7M 4M4 Canada
