MORTGAGE RENEWAL Toronto, ON

Toronto Mortgage Broker | Mortgage Financing Expert

Mortgage renewals are common, and when the term on your mortgage expires, it is time to renew. Mohit Verma offer home owners a variety of mortgage renewal options to consider such as:

Renegotiate your mortgage rate based on current market conditions.
Ensure yourself with the most competitive mortgage rate and terms at renewal time.
Get pre-approved up to 4 months before your renewal date for a rate hold on any mortgage rate specials offered from other lenders who are willing to offer lower rate than your current lender renewal offer.

Over 65% of Canadians simply re-sign their mortgage with the same lender at renewal time without confirming whether they can get a better rate with another lender. Lenders know this and therefore won't offer the lowest rate or best terms available.

It is also possible to renew your mortgage early. You may opt to renew early if the current interest rates are much lower than your existing interest rate. There can be drawbacks to renewing your mortgage early such as payout fees, but these fees are often far less than the money you will save at the new lower interest rate. If you are not sure if it makes sense to renew early, Mohit Verma will be glad to run the numbers for you.

Contact Mohit Verma - Mortgage Broker in Toronto, ON

Mortgage Services Include: Second Mortgage | Rescue Financing | Mortgage Refinancing | Mortgage Renewal | Home Equity Line of Credit

Mohit Verma, Mortgage Broker offers Mortgage Services to clients across Scarborough, Brampton, Mississauga, Oshawa, Barrie, Vaughan, Toronto, and Richmond Hill, Ontario.

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