Renewal Checklist:
Easily renew your existing mortgage with competitive rates and flexible terms.
1. Review Your Current Mortgage:
Assess your current interest rate, terms, and remaining balance.
2. Evaluate Your Financial Goals:
Determine if your goals have changed since you first took out your mortgage.
3. Shop Around for Better Rates:
Compare offers from different lenders to find the best deal.
4. Negotiate with Your Current Lender:
Use competing offers to negotiate better terms with your current lender.
5. Finalize Your Renewal:
Choose the best offer and complete the renewal process.
Areas of Expertise
Current Mortgage Review:
Rate and Term Analysis: Evaluating your existing mortgage to determine if you can secure better interest rates or more favorable terms with a new mortgage. This includes analyzing current market rates and comparing them to your current loan terms to identify potential savings.
Renewal Options and Strategies:
Customized Renewal Plans: Presenting various renewal options that align with your financial goals, such as shorter or longer amortization periods, fixed or variable rates, and any other features that could benefit you. This service involves a detailed discussion on how different options impact your monthly payments and overall financial health.
Tailored assistance is just a step away!
Avtar Khurmi
Level 2 Mortgage Agent
Meet Avtar Khurmi, a seasoned mortgage professional whose depth of experience and commitment to excellence make him a trusted ally in your homeownership journey. With a proven track record of success, Avtar has helped numerous clients achieve their dreams of owning a home by providing expert guidance and personalized solutions tailored to their needs. As a proud member of Mortgage Alliance, a respected institution with over 20 years of serving Canadians, Avtar brings a wealth of industry knowledge and resources to every client interaction. His dedication to staying abreast of market trends and regulations ensures that each mortgage solution he crafts is optimized for long-term financial stability. Leverage my expertise today, and let’s turn your homeownership dreams into reality.
Mortgage Renewals
Let my expertise help you.
FAQ
What is a mortgage renewal?
A mortgage renewal occurs when your current mortgage term comes to an end, and you have the option to renew your mortgage with the existing lender or switch to a new one.
Do I need to renew my mortgage with the same lender?
No, you have the option to switch lenders during your mortgage renewal. It's recommended to shop around and compare rates and terms to ensure you're getting the best deal.
What factors should I consider when renewing my mortgage?
Key factors to consider include interest rates, term length, prepayment options, and any penalties for early repayment. Evaluate your financial goals and circumstances to choose a renewal option that aligns with your needs.
Renew Your Mortgage