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Is Your Mortgage Up For Renewal?
Mortgage lenders will mail out their
mortgage renewal notices about 30 days prior
to maturity date of the mortgage term. These
renewal notices will provide you with an
opportunity to select a different term,
change a payment frequency and lock in your
rate to protect you from sudden rate
increase.
But don't be too hasty in just signing the
form and sending it back to the lender.
Over 70% of mortgage holders do just that
and they end up with a rate that is usually
over 1% higher than rates offered by
mortgage brokers and a mortgage product that
might not be best suited to their interests.
You want to renew/switch your mortgage to
another lender who will most often give you
a better rate. Most lenders now offer "no
cost or low cost switches" and it's a smart
way to reduce your interest costs.
If your mortgage is up for renewal, we
would like to earn your business by offering
you the lowest mortgage rate on the market.
When you renew with us, there are:
- no appraisal fees!
- no legal costs!
- no fees from us!
- we will guarantee you the rate for 120
days and if the rate drops during this
period, you will get the lower rate!
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