Once your mortgage term is complete your lender will usually send you a renewal letter in the mail. Did you know when it comes time to renew you have 4 options.
- Pay your mortgage off in full with no penalty
- Stay with your current lender and sign up for another term
- Switch for free to a different lender with no penalty
- Refinance your current mortgage with no penalty to take out equity, increase your amortization or remove an applicant.
Don’t let your mortgage renew on its own without letting us show you all your options. With Mortgage Sisters West, we leverage our market knowledge and negotiating power to ensure your mortgage rate and terms suit your current and future needs.