Garrett Mortgages - CENTUM

Garrett Mortgages - CENTUMGarrett Mortgages - CENTUMGarrett Mortgages - CENTUM

Garrett Mortgages - CENTUM

Garrett Mortgages - CENTUMGarrett Mortgages - CENTUMGarrett Mortgages - CENTUM
  • Home
  • Why Use a Mortgage Broker
  • Mortgage 101
  • Renewals
  • Reverse Mortgages
  • FAQ
  • Payment Calculator
  • More
    • Home
    • Why Use a Mortgage Broker
    • Mortgage 101
    • Renewals
    • Reverse Mortgages
    • FAQ
    • Payment Calculator
  • Home
  • Why Use a Mortgage Broker
  • Mortgage 101
  • Renewals
  • Reverse Mortgages
  • FAQ
  • Payment Calculator

Renewing your mortgage

Mortgage agent holding a hologram of a home carefully in his hands

Review Your Options

As your mortgage renewal date approaches, it's a great opportunity to re-evaluate your financial plan and future goals. And it's an excellent time to explore your options. You don't have to stay with your existing lender. There is much to consider, like the time frame, plans you may have to modify or renovate your home and, of course, choosing the term and payment that best fits your budget. Let's look at the numbers together.

Give Paul a call!
Underwriter crunches the numbers with calculator and laptop to establish mortgage qualification.

The Renewal Process

About six months out from your mortgage renewal your current lender will  send you a renewal notice.  You could just sign the renewal and continue with their conditions, but are you getting the best rate and mortgage? Let me do a quick review to ensure you are.
 

Your renewal date is a fresh start and if there’s another lender who can provide something that better suits your needs for the next term, I’ll find it. There is an assumption that you should just renew,  but take the time to review all your options. 

Couple looking at the new home they want to purchase, they just need to qualify for a mortgage

Renewing Early

Rates can be volatile in nature. If rates are about to rise, the media will speculate on what is going to happen giving us all a little warning. Even if those warnings don’t cross your path, I am here to check in and evaluate your current mortgage. 
 

Depending on the type of mortgage you have, you may incur a penalty if you decide to break your mortgage early. However, in some cases when rates are about to go up, it can make sense to break the mortgage terms and secure the current rate. 


Don’t take risks with your most valuable asset. If change is in the air, let me crunch the numbers, find you the right mortgage and make sure it’s the right financial fit for you.

Let's Connect!

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