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How to beat banks at renewal time?

The key word here is “SHOP”. You will not believe how many homeowners blindly renew their mortgages without even glancing at the rate that has been offered. They think the bank is sincerely offering the best renewal rates they have. This, in fact, is untrue.

Most banks, most of the time, for most renewals, offer their average rates, without looking into your financial situation. So how do you know you’re getting the best rate? you don’t. Not unless you invest time with a professional Mortgage Adviser that is not committed to a Lending Institution, such as a Mortgage Agent or Broker.

A Mortgage Broker can get you the best products from top Lenders. You must be careful when selecting a Mortgage Professional. Look into how many years they have been in the industry, how many banks they have access to, is the professional in Canada’s CMP’s Top 75 list?

Our office, with 15 years of experience, access to over 30 banks and lenders, and ranked 11 out of 75 across Canada for CMP’s top 75 Brokers, we can ensure you that we will find you the best rate when your mortgage is up for renewal.

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