Extreme caution has to be taken before renewing your existing mortgage as most Banks tend to not renew your mortgage with their best rates. The renewal rate offers you get from your Bank normally are 0.50% higher than the lowest rates available. Many prefer just to sign the mortgage renewal form without trying shop around for a better rate. You should know that you are in a better position to negotiate the renewal since your equity has grown reducing the outstanding loan.
Our expertise in the Calgary mortgage industry can help you get the most out of your mortgage renewal like paying off existing debt, clear high-interest credit cards, remodel your house and so much more. Simply fill out this short form and we will help you find best term and rate mortgage.