Renewals
Congratulations on your maturing mortgage… Now let me help you get a better rate!
Don't leave money on the table!
Accepting your lender’s renewal notice may be leaving money on the table!
If your mortgage renewal is coming up, now may be a great time to look at the other mortgage options and competitive rates that are available.
Lenders send out renewal forms 4 – 6 months prior to a client’s renewal with about 70% of homeowners sending it back without asking any questions. In today’s busy world, signing the renewal can be the easiest but not the best route.
As with every mortgage we provide, you’ll get at least 3 new mortgage bids from various lenders to compete on mortgage rate, options and mortgage flexibility.
Driven West Mortgages is one of the best mortgage brokers in BC. Get in touch with us today so we can show you why.
Should I break my mortgage?
Ask the expert before you go breaking your mortgage…
It may not always be in your interest to break your mortgage. Many mortgages have a small (or large) penalty to fully payoff the mortgage before the end of your term. This penalty may or may not outweigh the interest benefit from getting a new mortgage.
Accurately calculating the total costs and comparing between breaking your mortgage and refinancing a new mortgage or keeping your mortgage as is, can be complicated. Rest assured, we have the expertise to help you through the decision-making process and help you understand why one option may be better than the other.
