DON’T JUST RENEW YOUR MORTGAGE, RENEGOTIATE!

Let me help you get a better renewal.

Incredibly many Canadians renew their mortgage with the same lender because they believe it’s too time consuming to shop around – or think their existing bank’s offer is the best deal available.

This isn’t necessarily true. Unfortunately, many of these same people simply accept that lender’s posted rate or slightly better.

Renewing Your Mortgage with Another Lender

Just because you’ve received a renewal offer from your current lender, doesn’t mean you can’t get a better deal elsewhere. I can evaluate your mortgage needs and determine whether your current mortgage is still the best fit. I’ll also shop your renewal to many of Canada’s leading lenders to help find the deal you want.

Provided you are meeting the lender requirements, there is NO FEE payable for this service. Better yet, there are NO LEGAL FEES AND NO APPRAISAL FEES involved, provided that your mortgage is registered as a standard charge, not a collateral charge.

For a LIMITED TIME ONLY, get up to $250.00* towards your current lender discharge fee!: when you choose one of our preferred lenders

Switching Lenders with a Collateral Charge Mortgage

A collateral charge mortgage is registered in a different way from a traditional mortgage, which uses a standard charge. The collateral charge may be registered for a higher amount than your actual mortgage loan. This allows you to potentially borrow additional funds on top of your original mortgage loan in the future without having to pay fees to discharge your mortgage and register a new one.

*Some conditions may apply. On Approved Credit. Min mortgage amount required is $200,000. Not applicable to collateral charge mortgages. Gift card is received 2 business days after the mortgage is advanced. Offer valid for mortgages advanced before or on July 31, 2015. The additional incentives are available when you chose to work with our preferred lenders. E&EO

If you have a collateral charge mortgage and want to switch lenders, you will likely need to pay fees to discharge your existing mortgage and register a new one with the new lender. Your current lender can also require you to repay any other debts secured by the collateral charge on your home, such as lines of credit.

I have great mortgage products that allow clients who currently have an insured mortgage above 80% LTV that is registered as a collateral charge or running account the opportunity to switch lenders. The current insurance will remain in place and the client has access to our great 5 year fixed and variable rate terms.

The amortization will remain the same and again there are no appraisal and no legal fees to worry about!

SAVE YOUR MONEY. CONTACT ME TODAY AT 647-702-1302 or ashley@bemortgagewise.com TO GET STARTED