Renewing your mortgage is as important a financial decision as selecting your first one. While renewing your mortgage, you are in a stronger financial position as compared to where you were before.
Mortgage Renewal
Renew Your Current Mortgage
Your home equity grows over a period of time and by decreasing your principal loan balance, you are in a good position. If your existing mortgage is about is expire, Satbir Bhullar is here to find the next best deal for mortgage renewal in Abbotsford and negotiate for you!
Get a Better Rate
Consolidate Debt
Change Mortgage Product
Why Opt For Mortgage Renewal?
You do not want to renew your mortgage with your current lender.
The decision to renew or not must be informed to you by your lender at least 21 days prior to the mortgage's expiration date.
To discover the best mortgage rate and terms for your new loan, you want to work with a new mortgage broker.
As long as you have all your paperwork in order, such as your income verification papers, insurance, appraisal, the title, the mortgage statement and charge, etc., a renewal will only take 3-5 business days.
Preparing for renewal takes planning. If you want to ensure you get the best rate, you should start looking around at other mortgage rates and options about four months prior to your mortgage expiration.
Ready To Get Started With A Mortgage Application?
Talk to our Abbotsford mortgage consultant for any enquiries or help with filing a mortgage application.
What Our Clients Are Saying
Rely On Satbir Bhullar For Your Renewal Needs
With expertise in the Canadian mortgage industry, Satbir Bhullar will help you get the most out of your mortgage renewal. Pay off existing debts, clear high-interest credit card bills, or refinance renovate your home with the best renewal deal possible.
My 3 step mortgage renewal process includes:
File a mortgage renewal application
Choose from over 30+ renewal deals
Get approved and receive funding
Just fill in the short application form and our experienced mortgage advisor will help find the best terms for your mortgage renewal.
Check Out How Much You Can Afford!
Use Our Free Mortgage Calculator To Estimate Your Monthly Mortgage Payments.
Steps to Prepare for Your Mortgage Renewal
If you have decided to get your mortgage renewed, here are some steps you need to follow to prepare your renewal application for quick approval. You should always remember to keep track of your term and when it is set to expire. Some steps you need to take are:
- Review your current agreement: Take time to review your current mortgage agreement and understand the terms and conditions, such as the interest rate, payment schedule, and penalties.
- Assess your financial situation: Consider your current financial situation and assess whether your needs after going through factors such as shift in income, expenses, and financial condition.
- Gather necessary documents: Your lender will likely require documents, including income statements, employment verification, and tax returns to ensure a smooth renewal process.