Renewal / Switch
Is your current Mortgage up for renewal? Thinking of moving to another lender? Before you sign on the dotted line with your current lender, contact me to see if transferring your mortgage to another lender might save you money.
A Renwal or Switch is also known as a transfer. This can only be processed if your property does not have a line of credit secured to it or your mortgage is not registered collaterally. The remaining amortization and mortgage balance remain the same.
Discharge fees and penalties are generally not included, however some lenders will cover up to a certain amount for switching over to them. I’ll provide you with a complete analysis to make sure that switching will save you money!
Contact Me for more information about Renewing your Mortgage!