Mortgage Renewal coming up...don't put your money Down the Drain!
Did you know most lenders send out their renewal offer showing their posted rates? If you sign and return that renewal agreement, you could be paying 1.5% to 2% more interest than if you check with us. That difference could amount to $12,000 in 5 years!! I don't know about you, but I would prefer to put that money towards my child's education, home improvements, travel...anything but wasted in interest.
In fact, our recommendation would be to consider investing that $200/m savings. Even at a very conservative GIC rate of 1.5%, it would be worth $12,500 at the end of the 5 years!
Our goal is not only to help you with finding your best mortgage options, but also to provide you with ideas to save your money and grow your wealth!
If you are renewing in the next few months contact us...we want to be your Mortgage Partners!
Posted by Kim Reddin
on March 11, 2014