When your mortgage is up for renewal, this serves a great time to make sure that you’ve got the right mortgage for your present needs. Most lenders mail out renewal agreements around 30 to 90 days before the mortgage matures. Often, this causes a lot of angst for many people, especially if rates start to climb just before the mortgage comes due.
We can guarantee your rates up to 120 days (4 months) before your mortgage comes due, and this service is free and with no obligation. This alone can and has saved thousands of dollars for our clients.
Another thing to keep in mind is at renewal time, your mortgage is fully open and is the perfect time to pay down the mortgage. Whatever you can afford, even a small amount, will have a significant impact in terms of interest you will save over the life of the mortgage. It is also a great time to consider a more frequent payment method, such as bi-weekly or weekly, if you are not already doing it.