Is your mortgage renewal date approaching in the next few months? Most property owners do not realize that they do not have to remain with their current mortgage lender.
If you don’t renew or pay off your mortgage in full, the lender has the right to automatically renew your mortgage into a higher rate open term or could even lock you into a one year closed term. This has happened before!
It is vital that you have a Capital Mortgages agent working for you on renewal, perhaps even more so than when you took out your current mortgage. We will make sure you are offered the best renewal solution in rate, terms and pre-payment privileges.
Ready to start the mortgage renewal process? Contact us today to set up an appointment.