Your mortgage is one of your biggest expenses. For this reason it is imperative to find the best interest rates and mortgage terms you possibly can. By shopping around at renewal time you can save substantial amounts of money over the life of your mortgage loan. Don’t be one of the 60% who just simply sign their renewal letter and send it back. Use the services of a licensed mortgage professional to ensure the lenders compete for your business.
Mortgage Brokers offer several competitive advantages when considering mortgage renewals. In contrast to the big banks, they have the ability to pull from many more sources, which typically results in lower rates and more favourable terms. This can mean tens of thousands of dollars in savings over the life of your mortgage.