How Mortgage Renewal Works
In British Columbia, the mortgage renewal process typically starts several months before your current mortgage term expires. During this time, you’ll receive a renewal notice from your lender, which will outline the terms of your new mortgage offer.
It’s important to carefully review the terms of the new mortgage offer to ensure that they align with your financial goals and needs. You may want to consider factors such as the interest rate, amortization period, and payment schedule when evaluating your options.
If you decide to accept the new mortgage offer, you’ll need to sign the renewal agreement and return it to your lender before the expiry date of your current mortgage term. Alternatively, you may choose to explore other options, such as negotiating with your current lender or shopping around for a new mortgage from a different lender.
Why You Should Choose Enrich Mortgage Group as the Best Mortgage Renewal Company
Whether you’re looking to renew your existing mortgage with your current lender or explore other options, Enrich Mortgage Group can help. We’ll guide you through the process, from reviewing your current mortgage terms to negotiating with lenders on your behalf.
Don’t let the mortgage renewal process overwhelm you. Let Enrich Mortgage Group help you find the best solution for your needs and goals.