Mortgage Renewals and Transfers

Mortgage Renewals? When you last signed for your mortgage, you chose a certain term. On the term maturity date you will have certain options. One is to pay off your mortgage completely. Another is to renew with your current lender or perhaps renew with a different lender.  You could renegotiate your term before the maturity date of your existing mortgage. Depending which option you choose, you should consider your current and future needs.  Decide which option works best for you. At Mortgage Architects we consider mortgage renewals serious business.  We are sure to give you excellent and unbiased advice.

Mortgage Renewal Process:

A homeowner receives notice of their mortgage renewal before maturity date.  One should start to shop for a better mortgage renewal offer early enough.  Do not assume the offer your lender gives you is the better choice.  Our service is free of charge, and we would be happy to discuss your situation at renewal time.  Furthermore, as licensed brokers we will compare rates from all our lenders.  We will tell you which product may be better suited to you.

Mortgage renewals and refinancing.

When you are at renewal time, there are no penalties if you decide not to renew.  You may take advantage of this to consider refinancing your mortgage instead.  Mortgage refinancing is when you decide to increase the amount of your loan.

Best No Fee Transfers Program 95% LTV NEW PROGRAM

• Provide your income confirmation, house insurance and a recent mortgage statement
• We will order and pay for appraisal if required
• Capitalize up to 2k of penalty and discharge fee for insured mortgages.  Up to 5k on conventional deals