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Tag Archives: Renewal

Renew the mortgage early to get a better rate if it’s coming up for renewal this year

Renew the mortgage early to get a better rate if it’s coming up for renewal this year

 

If your mortgage is renewing in the next year, it’s probably going to be renewing from a mortgage with less than 3% rate to a rate that is likely over 4%. What does that mean for you?: Payments going up by a couple of hundred dollars if you keep the same amortization. If you renew early–pay a penalty to get a lower rate now or re-amortize your mortgage to a longer period for the short term–we can help homeowners get a lower rate now.

Contact us! We love helping people with technically-supported honest mortgage advice!
© Sandra Lastovic is the Principal Broker with the Mortgage Centre in Guelph. With over 15 years’ experience and holds a M.Sc. from the University of Guelph. She was recently ranked at the top 75 agents in Canada by The Canadian Mortgage Professionals annual survey and 2017 Most Influential Women in the Mortgage Industry. She can be reached at 519-763-3900 x1001 or www.skipthebank.ca™