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If your mortgage is coming up for renewal, you will most likely be getting a notice from your current lender alerting you to that fact along with an offer to renew at a given rate. Many homeowners sign this offer of renewal without a second thought, but this is a mistake because chances are, they could have received a better rate had they consulted with their mortgage broker first!
If your mortgage is up for renewal, let 1ONEFUND Financial negotiate the rates and terms for you to ensure you receive the best mortgage possible for your circumstances. Even a slight savings in annual interest can save you thousands of dollars and help you pay off your home years sooner.
At 1ONEFUND Financial, we have access to dozens of lenders and have experience will all types of mortgages. You may not have the time or inclination to shop around for the best deal – but we do! So let us do the shopping for you.
In general, most homeowners do not run into any problems when renewing their mortgages provided that they have been keeping up with the payments. There are some situations however in which a lender may decide that they are not going to renew a mortgage. This can happen if the homeowner has had a large drop in their credit rating and the lender decides that they are too big a risk. Should you find yourself in this situation, it is important to contact your mortgage broker as early as possible if you do not wish to sell your home.
At 1ONEFUND Financial, we have access to many different types of lenders including lenders that specialize in helping clients with poor credit. Remember, trouble with your mortgage renewal does not have to mean losing your home.
1ONEFUND Financial Group Ltd is one of Ontario’s leading mortgage brokerages specializing in properties and areas that are overlooked by traditional institutions and lenders. With offices and agents right across Ontario, we work hard to ensure you get the mortgage you deserve with the best possible rates and terms for your situation. Over the course of our 16 years experience in the mortgage industry, we have developed strong relationships with dozens of lenders, and we have the expertise to match you with the right lender to meet your mortgage needs.
We specialize in a number of niche areas including lending on rural, agricultural and vacant land. Our knowledgeable agents will walk you through every step of the process from advising you on the type of mortgage you should be seeking right up until the signing of the final paperwork. Contact us today and experience that 1ONEFUND Financial difference!