NEVER Accept Your Mortgage Company Renewal Offer without consulting a professional. Look and ask around for the best mortgage. When your mortgage comes up for renewal, usually 30 – 90 days before the renewal date, you should receive a letter suggesting you renew at their current offer. If you renew your mortgage on an as-is term, without consulting a professional, you’ll end up paying thousands in unwanted interest. This is your opportunity to work together with us at GTA BEST MORTGAGE to plan out the best possible deal, either with your current lender or with a new one. Does your existing lender deserve to have the privilege of keeping your mortgage business? Are you getting the special attention you need and good discounts and rates offered to new clients? Renew at a lower rate and save money! For most Canadians, mortgage payment, loans, leases and credit card payments are the largest monthly expense. You could save a large amount of money if you speak with us first before signing any agreements with banks or other financial companies. A half percent difference on a $400,000 mortgage with a 20 year amortization would result in over five thousand dollars in unnecessary interest savings for over five years. Wouldn’t you rather put that amount towards your mortgage principal or spend it on your future family vacation. In addition, your mortgage needs may have changed. This may be a good time to consolidate your high-interest credit cards as well as other debt you may have into your mortgage to get one lower payment and save on interest cost. Or you may want to pay for renovations, your children’s education, start a new business or buy investment property. If a renewal is in your financial future, bring us your renewal notice form at least six months prior to your renewal date. There are always a great options out there; We at GTA BEST MORTGAGE help you look around and help find the best possibility for you!