02/13/2024
MORTGAGE RENEWAL COMING UP???
Chances are you will need to be prepared for a higher mortgage rate compared to five years ago. Check out our top tips to minimize the financial impact:
1. Evaluate your current financial objectives and find yourself a trusted mortgage professional who will have your best interests in you or your family’s financial needs.
2. Contact your trusted Mortgage Professional to analyze the numbers BEFORE accepting any renewal offer from your current lender. Ensure you’re getting the best terms and rate possible.
3. Is cashflow needed? Maybe you want to pull money out of your home equity to pay off debts? Renewal time might be the best time to do this. We can help!!
4. Start exploring options early - we can provide a pre-approval to help you make an informed decision. Don’t wait until the last moment!
5. Secure a rate hold and shop around for the best mortgage available, even during renewal time. Our licensed mortgage professionals will handle the legwork, assess your credit, and present you with a list of lenders and their best rates.
6. Allow ample time for renewal preparations. Begin the process 4-6 months before your renewal date to secure the desired lender and rate. But, if you’re on a tighter schedule, don’t worry, we can still help!
Got questions? Reach out today for a free, no-obligation review of your current mortgage. We’re here to assist you!