Renewing Your Mortgage
Is the term of your mortgage up?
Now is the time to start thinking about renewing for another term and exploring your options. Let us find a mortgage that fits your budget and financial needs.
Want to tap into your home’s equity in order to finance a large purchase or do you desire the need to consolidate debt? Let us take away some of the financial stress to find a solution that suits your needs.
Banks are notorious for sending out renewals at much higher rates than their best rate available. Often their renewals are offered at posted rates, which are usually about 2% higher on a 5 year term than best discounted rates. They don’t do their clients any favours, as they play the odds that most will just blindly sign it back. 70-80% of people, in fact, just sign and send it back, and by doing so forfeit potentially thousands of dollars in interest. Allow Wolfpack Mortgage Solutions to do the shopping for you, and get competing banks/credit unions/lenders offering the best deal available in the industry. Our rates are generally better than at the banks.
Building a strategy to work towards your mortgage burning party is not something a lot of lenders/banks do for clients. Allow Wolfpack Mortgage Solutions to tailor payments, pre-payment privileges, and other strategies to be mortgage free faster.
To get the best deal a mortgage should be reviewed 4-6 months prior to its expiry. Pull your mortgage statement to see when it expires, then flag it for 6 months out. We can hold a rate for 120 days and watch rates during that period. If rates go down, you always get our best rates.
Lastly, with rates being so low it is worth a free no-obligation mortgage check-up, since there may be great savings even with after paying a penalty out.
Let Us Shop Your Renewal
Shopping around for a better rate is time-consuming, we get it. If you are up for renewal, get in touch and we will review and shop for the best rate for you. With no obligation, you have nothing to lose.