Mortgage Renewal Alberta
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Increased Rates Shadowing Your Upcoming Alberta Mortgage Renewal?
As the Bank of Canada introduced substantial rate increases, many homeowners, perhaps including yourself, are understandably feeling a sense of unease about upcoming mortgage renewals. After enjoying a period of stability in rates, the recent uptick and the subsequent, anxiety-inducing headlines may have caused a stir.
However, it's crucial to remember that being proactive is your best defense against these changes. Our expert brokers will help you navigate your upcoming mortgage renewal with ease and hopefully save you some of your hard-earned money in the process!
Mortgage Renewals in Alberta Made Easy.
We know what you're thinking – mortgage renewal can be a daunting task. But fear not! We're here to show you that it doesn't have to be a hassle.
As your mortgage renewal date in Alberta approaches, it's the perfect time to explore the fantastic options and competitive rates at your fingertips. Plus, it's a golden opportunity to reassess your mortgage needs. Want to consolidate high-interest debt, fund a home renovation, or snag that dream vacation property? With our help, you'll secure the best rate possible for your renewed mortgage.
Understanding Your Mortgage Renewal Options
When the end of your mortgage term approaches, it's time to renew your mortgage for another term if you still have an outstanding balance. By law, your lender must send a renewal notice 21 days before your term ends. However, most lenders allow early renewal anytime within the final 120 days of your term without penalties.
Your lender will likely present an early renewal offer, which might seem like an easy option. But remember, accepting this offer may bind you to a higher interest rate than what's available in the market. So, it's vital to explore options with other lenders and secure the most competitive rate.
Save Thousands on Your Mortgage Renewal
By switching lenders at renewal, you could save a considerable amount. For instance, if you have a home valued at $350,000 with a $280,000 mortgage, your lender may offer a renewal at a fixed rate of 5.74%. If you shop around and find a rate of 5.09%, you could save up to $8,792 over five years!
Why Trust Us With Your Mortgage Renewal?
Let our expert team of Alberta mortgage brokers be your guides on this mortgage renewal journey. Here's what Hello Mortgage brings to the table:
1. Expertise: Our seasoned mortgage brokers are well-versed in the ever-evolving mortgage market. We stay on top of the latest products and regulations, ensuring you snag the best deal in town.
2. Lender Variety: Our extensive network of lenders offers more options than you could ever imagine. This boosts your chances of finding a mortgage that's tailor-made for your needs and budget.
3. Convenience: No need to sweat the small stuff – we'll handle all the legwork, from gathering documents to completing applications. Sit back, relax, and let us do the heavy lifting.
4. No Cost to You: The lenders foot the bill for our services, meaning you won't have any out-of-pocket expenses for our services
5. Faster Approval: Our expertise allows us to spot potential issues with your application and tackle them head-on. The result? A smoother, speedier approval process.
Get Started on Your Mortgage Renewal Today!
If you're within 120 days of your mortgage renewal Click here to book your free consultation. Let's find out if your current lender is offering a great rate or if there's a better one out there for you!
Never Miss Your Mortgage Renewal with Our Reminder Service
Life can move fast and it's all too easy for important dates to slip through the cracks. That's why we're introducing our new mortgage renewal reminder service to keep you on track and ahead of the game.
Here's how it works:
1. Sign Up: Fill out the short form below with your contact details and the expiry date of your current mortgage term.
2. Stay Informed: We'll send you a reminder 120 days before your mortgage renewal date. This gives you ample time to explore the market and reassess your mortgage needs.
3. Enjoy Peace of Mind: With our reminder service, you can relax knowing you won't accidentally overlook your mortgage renewal. Our expert brokers are ready and waiting to help you secure the best rate possible for your renewed mortgage.
Frequently Asked Questions
Breathe Easy: Your Renewal is Our Specialty
Hear how we've guided homeowners from all walks of life to a brighter financial future. Your next chapter starts here.