A renewal is like a fresh start, so don’t get caught by the lenders. A renewal may not be the answer! A refinance for a fresh start may be what is best.
When a term is coming to a close, most Canadian lenders will send a mortgage renewal notice in the mail a few months before the term is up. At this time the lenders tend to assume that you will sign on with them for another term at their posted rate with very little or no discount. Over half of the public will sign this renewal without researching what the competition has to offer. At Oriana Financial we are here to offer you the expertise and resources so you can take advantage of the competitive mortgage market.
Renewals are easy to complete and can expand your financial options:
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