Mortgage Renewal

Mortgage Renewal / Mortgage Refinancing

Once you have purchased your first home then there is the matter of refinancing your home mortgage (mortgage renewal) once the initial term is complete.

If you don’t want to increase your mortgage amount and if you are happy with the interest rate that your lender is offering on renewal, then the mortgage renewal process is fairly straightforward. However, it may be a wise choice to have a mortgage renewal professional, such as myself, ensure you’re being offered the best deal out there. This is something I’m not only qualified at, but happy to do for you.


mortgage renewal scenario

Refinancing and Mortgage Renewal – Considerations

When it comes to refinancing mortgage loans, there are many reasons that people want to change their mortgage. Perhaps the interest rates are lower when it comes time to get a new home mortgage rates or perhaps the client wants to finance at a higher rate based on equity in the property in order to free up some cash for various reasons such as home improvements or paying down other debt. The client may want to add someone to the mortgage if for example, they have married since purchasing the home. It may be that the best mortgage rate with the best overall product is available through a different lender.

As a refinance mortgage professional, whether it is a new or existing client, I’ll gather all of the information and after careful consultation with you, go to work to obtain the best mortgage.  If you want to pay off some debt by refinancing at a higher amount, then I can also help you decide which debt should be paid off. 

You may want to refinance at a higher amount in order to make improvements on the property, I can walk you through the various programs available to do that. No matter what the reason for the refinance, I can ensure that you’ll come away with the best mortgage available for your next term.

Sometimes clients find that when it comes time to mortgage refinance their situation has changed in terms of income or credit and they can no longer qualify for the same type of mortgage that they initially had. If this is the case I can review various options to help you keep your property. This might entail obtaining a second mortgage