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Renewal

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How Can We help You With Mortgage Renewal?

Renewing your mortgage is a key financial decision, and timing is everything. It’s best to start shopping for a new term 4 to 6 months before your current mortgage expires to ensure you secure the best possible rate and terms.

Many lenders send renewal letters just before your term ends, leaving little time to explore alternative options. By proactively tracking your mortgage timeline, you gain the flexibility to compare lenders, negotiate better terms, and potentially save thousands over the life of your loan.

Don’t wait until the last minute—plan ahead and take control of your mortgage renewal!

Have there been any changes to your income?

Have there been any changes to your expenses?

Has your comfort level with financial risk changed?

Are you planning to cover tuition, a wedding, or another major life event?

Are you getting married, starting a family, or experiencing a change in your marital status?

The most important thing to know about refinancing is that breaking your mortgage agreement mid-term can come with significant penalties. If possible, waiting until the end of your term may be the best financial decision.

Other key factors to consider include:

You can access up to 80% of your home’s value.
You must re-qualify based on current rates and lending rules.
No default insurance is required, giving you more lender options.
Additional costs, such as appraisal and legal fees, may apply.

We’re here to help you navigate the process and determine if refinancing is the right move for you.

Ready to get started?

Ready to take the next step? Apply online or reach out to us today. Adam and his team are committed to guiding you through every stage of your journey, providing expert advice and the best mortgage options for your unique situation. Let us help you make informed decisions and secure your financial future!