Mortgage Renewal

The maturing of your mortgage term is an important milestone. Most people renew their mortgage automatically, without shopping around for better rates or terms. There are many factors to consider when you are renewing your mortgage such as:

  • Do you have the best rate?
  • Has your financial situation changed since you got the mortgage?
  • Are the terms and conditions of your mortgage working for you?
  • Do you need more flexibility or peach of mind when it comes to prepayment
  • Are you looking to purchase additional properties in the near future?
  • Are you planning renovations in your property?
  • Are you expecting to get a large sum of money in the near future that you are planning to put towards your mortgage?
  • Are you happy with your financial institution?

These are just some of the factors you should be thinking about when your mortgage is coming up for renewal.  At JD Lending we understand that each person’s situation and needs are unique and can change over time.  You should contact us at least four months prior to your mortgage renewal so that we can get you the best options available.  It’s a good idea to let the multiple lenders compete for your business so that you get the best mortgage solution and rate possible.  We have relationships with all the top lenders and can negotiate on your behalf. Let us help you save money with your Mortgage Renewal.  Call the experts at JD Lending to make this daunting process easy and seamless.