Is your initial mortgage term coming to an end? Congratulations on achieving this significant milestone towards fulfilled homeownership and financial freedom.
If your payments thus far have been made on time and without issue, your lender may have sent you (or will be sending) your renewal forms, expecting you to accept predetermined terms. Given that you’ve been happy thus far you may be willing to accept these terms. Alternatively, there may have been a few hiccups in payments along the way, and your lender may seek to make their risk more worthwhile (for them) on your renewal with less favorable (for you) terms. In the latter scenario you assume that you have no choice but to “submit”. No matter which side of the spectrum you’re on don’t sign and send it back without assessing your options.
But do you have options? When you work with a reputable broker on your mortgage renewal, you do.
Carloni Mortgage Brokers has relationships with multiple lenders in Penticton and throughout the Southern Interior of BC. These lenders want your business and will compete for it. Without a broker, these lenders do’t know who you are, where you are, and whether or not your mortgage is up for renewal. Nor do you have the time do go knocking on the doors of big banks, credit unions, trusts, and other lenders, be they in the Okanagan, elsewhere in BC, or a national institution.
Tap into our existing relationships and get lenders to compete for your mortgage renewal. Then allow us to leverage our position with them to negotiate the best rates and terms. It’s a win-win for YOU (maybe not them).