Article provided by: Cindy Janisch, Mortgage Associate
If you’re like most people, you have probably just sent in your payment at each renewal. You may not have known it was possible to get a better rate. The fact is that you may be able to save thousands of dollars and even pay less per month by working with a mortgage broker to secure a better mortgage. Why not find out what Cindy Janisch at Mortgage Tailors can do for you? Send an email to Cindy at cindy@EdmontonsBestMortgage.com.
There are real benefits that come from working with a mortgage broker, especially when it comes to mortgage renewals for Edmonton homeowners. Your broker will have access to the entire mortgage market- not just the banks. The broker is vested in your interests and in providing you with the very best product and rate possible, unlike your local banker whose only interest is in the welfare of their own institution.
When you took out the loan to purchase your home, there may have been varying factors that determined the interest rate that you signed up for or the monthly rate of pay. When you work with a broker to secure a renewal mortgage, those factors are no longer in place. You’ll gain advantages of working with a broker who has access to a vast network of lenders, all competing for your business and willing to offer lower rates in order to gain your business.
There are other benefits to working with a broker as well. Your banker may not be interested in needs at the time when they lend you money, but a broker is very interested in meeting your needs. Both your current needs and your future needs determine the type of loan you should apply for and the rate you should strive to obtain. It is the special interest of your broker to find mortgage renewals in Edmonton that are tailored to your financial situation.
Depending on who you work with, there may be no fees or little fees involved with switching your mortgage upon maturity. If you are poised to save a lot of money over the course of your mortgage’s lifespan, you may even consider any fees applicable to be an investment in the savings you will enjoy over the years.
You can learn more about how Mortgage Tailors provides mortgage renewals to Edmonton homeowners when you visit their website at CindyJanisch.ca, where you can see their full line of services, valuable information on how to use a broker to your advantage and much more.
Feel free to contact a professional broker by calling 780-298-9502, during which time you can have all of your questions answered. Don’t be satisfied with a financial situation that doesn’t meet your needs. Call Mortgage Tailors and let them find a loan that fully meets your needs. Mortgage Renewals Edmonton