Here’s why it’s a good idea to check with a mortgage broker like Dave Oliver from TMG before signing your mortgage renewal:
1. Access to Better Rates
Mortgage brokers have access to multiple lenders and can shop around for better interest rates, potentially saving you thousands of dollars over the term of your mortgage. They can often offer more competitive rates than those directly from a bank.
2. Personalized Advice
Brokers like Dave Oliver take the time to understand your unique financial situation, goals, and needs. Whether you're looking to pay off your mortgage faster, lower your payments, or access equity, a broker can tailor solutions that fit your personal objectives.
3. Negotiating Power
Renewal offers from your current lender may not be the best deal. A mortgage broker has the experience and knowledge to negotiate better terms, ensuring you don’t settle for less favorable conditions.
4. No Cost to You
In most cases, mortgage brokers are paid by the lenders, meaning their services often come at no cost to you. It’s essentially free expert advice with the potential for significant savings.
5. More Options
While your current lender may offer you limited renewal options, a broker can explore alternative mortgage products. This could include different terms, variable or fixed rates, or other options that might better suit your financial future.
6. Avoiding Pitfalls
A broker like Dave can also help you navigate the fine print of mortgage renewals, ensuring you avoid costly penalties, restrictions, or inflexible terms that could impact your financial flexibility down the road.
Involving Dave Oliver in your mortgage renewal decision could save you money, time, and provide peace of mind that you’re making the right financial move.
Call Dave Oliver at 306 227 7367