Without a doubt, Mortgage Power should always be your first choice. Our in-house staff helps domestic clients across Brampton with their mortgage renewal process. You can contact us to get in touch with a new broker if you’re not happy with your existing contract’s terms and conditions. We have a huge network of trusted money lenders who can offer your better interest rates and clauses. All you have to do is get in touch with our team, go ahead, schedule an appointment today. We look forward to hearing from you.
The term itself is self-explanatory. When you take up your mortgage, you sign a contract to repay the loan within a certain period. However, according to studies, 36.3% of Canadians are not able to repay their mortgages within that time; so what’s the solution? Mortgage renewal. What happens here is, around 120 days before your actual mortgage term is over, you will get an email from your mortgage lender whether you want to renew your mortgage, and this is the time to have a second look at your contract’s terms and conditions. If you want to make some changes, you can let them know and we can help you with that. For further details, contact our team at Mortgage Power. Our services are available to customers throughout Brampton.
You can always get in touch with our team at Mortgage Power for more details on mortgage renewals in brampton. If you have any queries, we can resolve them for you. Go ahead, schedule an appointment now, you won’t regret it.
Is it a good idea to renew your mortgage early?
If you are afraid that the interest rates will increase you can renew early.
How much time does it take?
It generally takes around 3 weeks for all the mortgage renewal paperwork to complete.
Do credit scores play a role in mortgage renewal?
Yes, your credit score will be reviewed again and it will play in determining the interest rate.