Mortgage RenewalComing up to Renewal Time?
When a term is coming to a close, most banks will send a mortgage renewal notice in the mail usually one to two months prior to the term expiration. Unfortunately, the banks only tend to offer you their posted rate with very little or no discount and only have one financial product to sell: their own. Almost 60 percent of people renewing their mortgage, sign this renewal without researching what the competition has to offer. At Alfa Group Canada, we’re here to offer you advice so you can take advantage of the competitive mortgage market. Finding the Best Renewal Rate for Your Mortgage
With the wide assortment of options and features available today for a mortgage renewal, shopping around takes significant time and effort. The mortgage process can be intimidating to many Canadian homebuyers and it’s wise to begin with some advice from a professional.
Finding the right mortgage for you is our business. We know which lenders have the best rates and we negotiate with multiple lenders at one time. What’s more, we know the system and have the industry knowledge required to present a proposal for financing to lenders to successfully obtain mortgage financing, and we do all the paperwork.
Plus, Alfa Group Canada Mortgage Professionals are compensated by lenders, and in most cases we offer our services free of charge to our clients.