Although the process may be simple, simply renewing with your current lender may cost you.  Renewing your mortgage with another lender requires a new approval and can take time to process.  However, renewing with another lender may save you thousands of dollars over your next term.  Should you qualify, you may even save tens of thousands by reviewing your options.  Switching lenders or refinancing before the end of your term may also make sense via interest savings, reducing interest rates on other debts, or by accessing the equity in your property to cover make investments or cover other costs.

To inquire on opportunities via a renewal or a refinance of your mortgage, contact your Mortgage Consultant to start the conversation.