Why signing your renewal notice may be costing you more money

When it’s time to renew their mortgage, many homebuyers stay with the institution where they do all their banking.
In the majority of cases, your lender will offer you a moderate discount over the posted rates, and all you have to do is sign a letter you receive in the mail. On the surface, it sounds easy and painless: sign a letter and receive a discount. It takes only a few seconds and saves you a few dollars.
The thing is, though, you might actually be paying more money than you should.
As a mortgage broker, we focus on finding you the best deal, not on keeping you with the same bank. We work for you, not the banks. Sure it takes a bit more time to meet with us than it does to sign and mail a letter, but the meeting is free and we do all the actual work. Plus, we can save you more money than the moderate discount your bank offered you.
When it’s time to renew your mortgage, ask us to find you the best deal and we may just save you thousands of dollars over the new term than your bank could. Be honest, would you rather have the extra few minutes or the extra few thousand dollars?
Don’t settle for the first mortgage option that comes your way just because it’s where your chequing account is. Choose a mortgage broker and save money.