Renewal

Many first time home buyers spend a lot of time and energy researching their first mortgage in order to secure the best rate possible; often with the help of a Mortgage Broker. 

The, "Canadian Association of Accredited Mortgage Professionals (CAAMP) 2012 Study", demonstrated that 47% of First Time Home Buyers used a Mortgage Broker in order to secure their first mortgages. 

Conversely, only 27% used a Mortgage Broker for their mortgage renewal.   Mortgage holders are literally leaving money on the table.   Or, in this case, with their bank.  When your first mortgage term is up you are typically free to shop around and shift your mortgage to a new lender at no cost to you.

This single move can save you thousands of dollars as lenders literally bank on home owners being too busy and laissez faire to again research the market and shop around for lower rates.  As such, renewal offers are often not very aggressive as lenders hope to profit from consumers simply remaining with their initial lender.  

With a single phone call, or email to a Mortgage Broker, you can have them do all the legwork in sourcing a better renewal mortgage rate.    Fill out the FREE Mortgage Evaluation Form to the right of this page or simply give me, Michael Pezzack, a call (416-850-2642) and let's find the best renewal rate in the market for you.    It costs you nothing and can save you thousands of dollars. 

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