Mortgage payments make up the biggest portion of monthly expenses for most people in Canada. Yet, almost 27% of Canadian households let their mortgage agents automatically renew their mortgage when the term expires, according to a survey by Angus Reid. As a result, they usually end up with a higher rate and a mortgage package that leaves them paying more than they should be. The right thing to do when your mortgage is up for renewal is to try and get the best deal available.
However, negotiating the right renewal package is not something that everyone can do. It takes an in-depth understanding of how mortgages work and a lot of research. The only way to ensure that you will not get stuck with a bad deal is to consult with a mortgage expert from the Mortgage Emporium. Our highly experienced professionals can help you get the best deal possible so that you will be able to pay off your mortgage and other debts quickly, improve your credit score and generally improve your financial situation.
Complete the form below to get started. We’ll get back to you as soon as we can to discuss the details of your mortgage renewal options.