Renewing your mortgage
Time to renew your mortgage? If you’re like most of us, you’d rather not think about it, but there’s a lot to consider when it comes to choosing the right mortgage. Our experienced and professional Mortgage Specialists work with you find the best fit to meet your specific needs
Don’t rush it – Start looking into options six months in advance so you don’t make a hasty decision. Your mortgage will be with you for a while. Take time to think about the options. Interest rates are an important factor for most, but they’re not the only consideration.
You’ll also want to think about:
- Recent or upcoming changes in your financial situation
- How long you plan to stay in your current home
- Economic and interest rate trends
- Any updates or renovations you want or need to make
Don’t make assumptions – Mortgage products change regularly, so don’t assume you can renew your mortgage with the same terms and conditions you have now. If it’s been a few years since you took out your mortgage, your options may have changed.
Talk to a specialist – Mortgage shopping is never fun, but our friendly, professional staff can make it little less stressful. Make an appointment with a Mortgage Specialist as soon as you get your renewal notice, if not sooner. Call 1-877-WESTOBA. We’ll guide you through the options, helping you select a mortgage that fits your budget and gets you mortgage free faster!