Our financial solutions are tailored to your unique needs
While most Canadians spend a lot of time, and expend a lot of effort, in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals.
Your mortgage is one of your biggest expenses. For this reason it is imperative to find the best interest rates and mortgage terms you possibly can.
By shopping around at renewal time you can save substantial amounts of money over the life of your mortgage loan.
Nearly 60% of borrowers simply sign and send back their renewal that is first offered to them by their lender without ever shopping around for a more favourable interest rate. Homeowners should never accept the first rate offer from their existing lender. Without any negotiation, simply signing up for the market rate on a renewal is unnecessarily costing the homeowner a lot of money on their mortgages in Kitchener.
Generally it is a good idea to start shopping for a new term between four and six months before your current mortgage term expires. Many lenders send out your renewal letter very close to the time that your term expires and this does not give you ample time to arrange for a mortgage term through a different lender. This means that you need to be tracking your own mortgage term timeframe and know when it is time to start shopping for a good mortgage renewal rate.
Before you ever hear from your lender about renewing your mortgage term, have a licensed Dominion broker shop around for you, you will be amazed at what they can accomplish on your behalf!
Your mortgage is one of your biggest expenses. For this reason it is imperative to find the best interest rates and mortgage terms you possibly can. Don’t be one of the 60% who just simply sign their renewal letter and send it back. Use the services of a licensed Dominion Lending Centres mortgage professional to ensure the lenders compete for your business in Kitchener and Waterloo.
At Elite Mortgage, we are committed to helping newcomers achieve their dream of homeownership in Canada.
We are dedicated to helping you achieve your financial goals through transparent guidance and flexible options, building lasting relationships founded on trust and reliability.
Our knowledgeable team has extensive experience in working with newcomers, ensuring you receive the best possible advice and support.
We offer customized mortgage solutions that are specifically designed to meet the needs of newcomers, helping you find the right mortgage product for your unique situation.
Your goals and financial well-being are our top priorities. We work diligently to provide you with the most suitable mortgage options and exceptional service.
Embark on your homeownership journey in Canada with confidence. Contact Elite Mortgage today to learn more about our newcomer mortgage programs and how we can help you secure the home of your dreams.
Leslie Morris, AMP Broker
70 Victoria Street N
Kitchener, ON
N2H 5C2, Canada
Office: 519-804-2700
Toll Free: 1-855-207-2700
Fax: 1-855-649-2814