It’s time to start thinking about your mortgage renewal early? Find the best deals here!
Ready to take the next step? Get your appointment with us today and find the best mortgage deals for your needs!
It’s time to start thinking about your mortgage renewal early? Find the best deals here!
If your mortgage is about to expire and you have less than six months to renew it, do not wait until the last second to speak with your current lender. At the end of the term, if the balance on your mortgage is still due, you will need to renew with your current lender or select a new one through a process of mortgage renewal. Being proactive can help you understand your alternatives and ensure a seamless transition when your mortgage term ends.
It is strongly advised that you begin the renewal process 120 days (four months) before the end of your current term. Because many lenders allow you to renew your mortgage during this time without incurring any additional fees, this timing is helpful. Starting the process early gives you plenty of time to evaluate lenders, negotiate better terms, and prevent the last-minute hurry that could result in bad choices.
During these four months, you can assess your objectives, financial situation, and any market developments that can affect the conditions of your mortgage. Now is also an excellent time to consider modifying your mortgage’s type, duration, or interest rate. Let us do all the reaserch for you and increase your chances of finding a better rate or more suitable mortgage package, ultimately saving you a substantial amount of money.
Early engagement with your present lender and investigating other lenders simultaneously creates opportunities for better terms and rates. Let’s make a well-informed choice that fits your budget.
Ready to secure the best mortgage renewal options and maximize your savings? Don’t wait! Contact us today or fill out an inquiry form to get started. We are here to guide you through every step, ensuring you get the best rates and terms tailored to your needs. Let’s make your mortgage renewal process smooth and beneficial.
We design mortgage plans that can accommodate your specific financial preferences and aspirations.
Swift and efficient processing to get you approved in no time.
Access to 50+ lenders ensures you get the best possible rate.
Custom mortgage plans designed to meet your unique needs.
An initial chat to understand your financial goals and needs.
Gathering the necessary financial documents to support your application.
Submitting your completed mortgage application to the lender.
Getting your mortgage funded and closed.
Lenders and borrowers are connected through mortgage brokers. Whenever it comes to navigating the difficult calculations and policies of mortgage, people look for the experts of mortgage. This is simply because the majority of borrowers would rather use a mortgage broker’s experience than getting it done by themselves.
It is a dream for many to own a home of their own. However, given that consumer debt in Canada is at an all-time high, many people would be concerned that it is unachievable. But, when you reach out to the experts, they will give you a positive response that depending on your circumstances, yes it is possible to get a mortgage even when in debt.
Every decision we take – which can be as simple as an everyday supermarket purchase or a home ownership, inflation affects everything. If you are thinking about buying a home in Canada, or you already own one, you should know how inflation can impact mortgage rates and payments. Trust Yesha Patel, one of the most reputed mortgage agent in mississauga , who can help in understanding how to take decisions regarding inflation.
Find answers to your frequently asked questions about residential mortgages in Canada.
This depends on various factors such as income, expenses, and credit score, based on which the eligibility is taken into account.
Mortgage refinancing involves replacing your current home loan with a new one, typically to secure better terms such as a lower interest rate or shorter loan duration. It can also involve accessing the equity in your home for other financial needs.
A high-ratio mortgage is a type of mortgage where the down payment is less than 20% of the property’s purchase price. This type of mortgage typically requires mortgage default insurance to protect the lender in case of borrower default.
Getting pre-approved for a mortgage involves providing your financial details for assessment by lenders, who then determine the maximum mortgage you qualify for. This process streamlines your homebuying experience, giving you a clear understanding of your purchasing power and enhancing your credibility with sellers.
With a reverse mortgage, seniors can turn their home equity into cash and receive loan payments, which are typically returned when the person sells their house or passes away.
Contact us today to schedule a consultation with Yesha and explore your mortgage options. We are committed to making your homeownership dreams a reality.
Rest assured, we’re here to assist you through every stage of the mortgage application process.
We’re dedicated to providing you with fast, efficient, and transparent service, always prioritizing your needs.
Get competitive rates when you reach us for your mortgage solutions.
Ready to take the next step? Get your appointment with us today and find the best mortgage deals for your needs!
Yesha Patel
Mortgage Agent Level 2
Affinity Mortgage Solutions LIC #13093
Independently Owned and operated.
