If your current mortgage is coming up for renewal, the time is right to explore your options. When you receive your notification from your current lender, usually 3-6 months before your term contract is due, call Mortgage Fit to discuss your opportunities. As mortgage brokers, we are not bound to any one lending institution. We have access to the competitive rates and products offered by many lenders across Canada. Our job is to assess the options that best suit your current financial situation, and guide you to the right choice.
There are many reasons to look at switching lenders besides just getting a better rate. Perhaps a new innovative product would be beneficial to you, or perhaps you are thinking of selling in the future and don’t want a large penalty. Perhaps changes in interest rates may make a different term or mortgage type more attractive to you.
Renewing your mortgage is a time sensitive process. Ideally your transfer to the new lender would take place on your renewal date to insure you don’t have any penalties or pay higher interest. Let Mortgage Fit take the urgency out of your hands.