Is it time to renew your Ottawa home mortgage? Count on our expertise to guide you smoothly through this process, always keeping your needs at the forefront.
A mortgage renewal is a great time to find a lower interest rate with a new lender or negotiate a better one with your current lender. This can save you money over the new term of your mortgage.
With access to a wide range of lenders, we're well-equipped to find rates and terms that meet your specific needs. We'll present you with the best options and offer our professional advice, empowering you to make an informed decision.
A mortgage renewal with us is a great time to assess your financial goals. With a set target in mind, we will find terms that suit your situation and make payments more manageable.
A mortgage renewal refers to extending or renegotiating the terms of an existing mortgage loan once its initial term reaches maturity. In Canada, most mortgage terms typically range from one to ten years. When the term of your mortgage expires, you have the option to renew the mortgage with the same lender or explore options with different lenders.
During the renewal process, borrowers can review and potentially modify the terms of their mortgage, such as the interest rate, payment schedule, and the length of the new term. It’s a critical period for borrowers to reassess their financial situation, evaluate current market conditions, and make decisions that best suit their needs, whether it’s staying with the same lender or switching to a different one.
Renewing a mortgage allows homeowners to continue paying off their remaining loan balance while securing a new set of terms and conditions for the upcoming term. It’s essential to be proactive during the renewal period, and Jason Anbara will research available options and negotiate with lenders on your behalf to ensure that the renewed mortgage aligns with your circumstances.
If it’s time to get a mortgage renewal on your home, reach out to us! We’re here to answer any and all questions you might have.