Advice on mortgage renewal process !
Hi
It's time for my mortgage renewal. What are the things to be cared for in doing so? Can we avail another lender?
I came across certain things to keep in mind while renewing, like the posted rate isn’t the best rate. Banks use the posted rate to provide a value proposition to their clients. They often start with the posted rate and then offer discounts to preferred clients. Consumers need to educate themselves and shop around. Even if you get the secret or discounted rate, if you only get rates from one financial institution, you may still be paying a premium compared to other lenders.
Suggest some good brokers who can help me with mortgage renewal in Canada. Can anyone explain the mortgage renewal process in Canada? I came across a link and waiting for your replies. Thank you.
[Moderator's note: Link to external business removed]