70% of Canadians simply sign their mortgage renewal letter. Many renewal letters are sent out at posted rates - more than 2% higher than the best rates offered to new clients. This can cost you $2000.00 per year per $100,000 of mortgage in additional interest.
The process of a switch to a new Lender at renewal can be painless (if you use a mortgage broker) it does not involve appraisal costs, or legal fees and can be a great experience - especially when you are saving money!
Call me at 4-6 months in advance of your current mortgage coming up for renewal and we can make sure you get the best rate and terms either with your existing Lender or a new one!
Verico INtegra Mortgage Corp.
201-239 Victoria Street
Kamloops, BC V2C 2A1
HEAD OFFICE: 2076 murfield road , Kamloops, bc V1S 1S6
Copyright © Karen McKenzie. All rights reserved
Independent Mortgage Brokers are licensed by FICOM and we work for you not the banks. With access to dozens of Lenders we can find that product that's just right for you and get you a great rate at the same time.