Canadian Mortgage Renewals
Don't get caught by the banks!
When a mortgage term is ending, most of the big banks in Canada will send a renewal notice by mail usually one or two months prior to expiration. At this time, the banks tend to take advantage of our busy schedules by making it easy to sign on with them for another term.
However, they do not take the time to go through your current financials to see if shortening your amortization might be beneficial, for example. The worst part is that banks tend to offer you their posted rate with very little or no discount on these easy-to-sign renewal forms.
Nearly three quarters of Canadians sign this renewal without researching what the competition has to offer. We, at Canequity, are here to offer you the free expertise and resources so you can take advantage of the competitive mortgage market.
Get the Best possible mortgage rate
Mortgage rate discounting with Canequity starts between 1.00 to 1.75 percent!
Traditional "big bank" policy dictates that their mortgage agents be prepared to, at best, discount the posted rate by 0.10 to 0.75 percent. Of course, in order to get a fully discounted rate the bank likes to see your personal investment portfolio. Why should your net worth have anything to do with the discount you receive? At Canequity Mortgage, your discount is based on normal qualifying procedures such as credit worthiness and job stability, not how much money you have.
Canequity has access to over 75 lending institutions to find you the best possible mortgage to fit your needs. We do not work with one bank or one institution; we are an independent company with a sole purpose of finding you the best mortgage rate in Canada.Apply Now to Renew Your Mortgage
Why make the switch to Canequity?
The big difference when using Canequity is service! We don't stop at the application. We assist you in gathering all information that the lender requires. Our national team of brokers can also assist you with picking the right legal representation, residential appraiser, home inspector and mortgage insurance required. We have the solutions to all of your mortgage related concerns. Unlike the big banks, we work harder to earn your business and to keep you coming back!
If you have any questions concerning your upcoming mortgage renewal, please ask us by filling out our mortgage renewal application.Our Disclaimer: Although we make every attempt to ensure the accuracy of our website, we recommend you use the above mortgage information as a guideline only. Mortgage interest rates and product availability are subject to change without notice at any time. Certain rates or mortgage products require a minimum credit score, loan amount, or down payment amount and may only be available in specific lending areas. A quick closing loan condition may be required (does not apply to mortgage pre-approvals). For more information, contact Canequity by using our online mortgage application.