Early Renewal Offers, Beware!
Homeowners should never accept the first rate offer from their existing lender. Without any negotiation, simply signing up for the market rate on a mortgage renewal is unnecessarily costing the homeowner a lot of money on their mortgage. Generally it is a good idea to start shopping for a new term between four and six months […]
Is your mortgage up for renewal? Put the pen down!
So, your mortgage has come up for renewal. Many banks handle this differently. Mostly, they will either send you a letter, or give you a phone call shortly before the renewal date. At this point you will be given a renewal offer including interest rate, with a term that usually reflects your current term. Sometimes […]