|Re-Mortgaging? …Shop aroundI get regular emails from a variety of mortgage brokers.
Ed Pednaud of Dominion Lending offers this advice if your mortgage is coming up for renewal…
Did you know that over 95% of home owners renew their mortgages without questioning the rate they are being offered?
Here are some things to consider before renewing your mortgage:
-You are not obligated to renew with your current lender
-You should shop around.
-Current lenders will negotiate.
You are no longer bound by the original contract and can start over again.