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Helpful Information

Renewing your Mortgage

Renewing your Mortgage

  • Mar 09, 2017

With the renewal period of your mortgage coming up, you need to know the very basics of renewing your mortgage. Sean Landreth and Mortgage Architects helps you not only through the renewal process but also guides you through the necessary information. We assist you to reach your financial goals with our professional mortgage consultation. We understand the importance of savings and promote you to save for your future needs.

Renewing your mortgage is an easy method, but before you get into that, you should know the advantages you get from getting your mortgage renewed. Mortgage help is one of our primary areas. Before your renewal period approaches, we provide you with the best mortgage options because our interest is in your betterment. We will discuss the interest rate and help you choose the most favorable rate. As a reminder, we will contact you as the date approaches, so you get your work done on time.

If you want to renew before the time set, you can do so. We will save you from any penalties and extra costs for choosing to renew your mortgage 120 days earlier than set. For your benefit, we advise you to renew your mortgage after it has matured because it means you benefit from a steady interest rate. If the rate fluctuates and rises before the actual date, we will apply the lower rate and the type you chose. If you are thinking to switch to us for your renewal, we will provide our mortgage help and make the process of switching much easier and convenient for you. Always remember, we are here to help you and make the process as stress-free as possible!

Before opting for renewal, you should consider the types of mortgage options available to you. First and foremost, know the difference between variable and fixed rate mortgages. If you are looking for a secure and stable rate, the fixed rate mortgage is best suited. However, if you want a flexible mortgage, then a variable rate will be most favorable for you. You also need to settle a mortgage amortization period which is the number of years in which you will pay your mortgage off. Calculate everything before opting for a period because this determines the overall interest rate that you will end up paying. With Blue Mountain Mortgages help you can study rates closely to choose the best one. With our assistance, your monthly costs over paying the mortgage along with interest will be the lowest possible. Your convenience and financial wellbeing is our prime priority, and we structure the mortgage according to your needs.

Providing the best mortgage rate for you, we are available throughout all of Ontario from Owen Sound, Meaford, Thornbury, Blue Mountains, Collingwood, Wasaga Beach, Barrie and beyond. Don't let the geography restrain you from availing the most competitive and favorable rates in the market. Our free consultation is always open for potential clients. You can give us a call, and we will arrange one for you immediately. So don't hesitate when applying for mortgage renewal. Just study the basics and get our mortgage help before making any decision.

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