Is it that time? You have just received a mortgage renewal notice in the mail? Read on to see if you should sign and send it back or maybe take another course of action.
When a term is coming to a close, most banks will send a mortgage renewal notice in the mail a few months earlier then your renewal date. The banks tend to take advantage of our busy schedules to assume that you will sign on with them for another term. At this point the banks take advantage of your customer loyalty and don't even give you a discount, if they do not a great one. Almost 60 percent of their customers sign this renewal without researching what the competition has to offer.
When you went shopping for your first mortgage you asked questions, did research, talked to any one who knew anything about mortgages and found the best mortgage rates and options. Why should the renewal process be any different? Interest rates are at an all time low, take advantage of the current market. Get a better mortgage rate that could save you substantially in the long run.
Renewing your mortgage means one term has come to an end and it is time to start another term. Usually it is a 5 year term. At renewal time it is the perfect opportunity to shop and get a lower interest rate or better options that suits your lifestyle better.
You have already paid 5 years worth of mortgage payments and deserve to get a discount on your mortgage rate.
For more information and a free quote without obligation, send me an email, phone or text.
My website has invaluable information.
www.KROEMERmortgages.com
Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192
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Angela Kroemer, AMP
Mortgage Professional
Local : 1.250.650.4182
Email :akroemer@mortgagegroup.com,
Website : KROEMERmortgages.com
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