Let us help you get the most
out of your mortgage renewal.
Get the most
out of your mortgage renewal with advice and planning from our experienced mortgage specialists.
Not exact matches
The
mortgage renewal is in fact the best time to gain utmost
out of your
mortgage financing.
With the help and guidance
of a Syndicate
Mortgages Professional, you could get the most
out of your Canada
mortgage renewal.
You straighten
out your credit or income situation during the term
of this
mortgage and at the
renewal you switch the
mortgage back to a bank for the best
mortgage rates.
Many
renewal letters are sent
out at posted interest rates, which can be 2 % above market, costing an individual $ 2000 per year per $ 100,000
of mortgage in additional interest.
LTTPs can use a properly vetted
Mortgage Broker to proactively build and retain their client base under the soft sell where the LTTP retains all client loyalty as the LTTP facilitates and monitors MB choice: 1) initial mortgage placements which are in your clients best interest 2) properly explained obligations and renewal provisions 3) 3 to 4 client touch points through out a year paid for by the MB to maintain their relationship with the LTTP 4) pre-approvals that are dependent on home appraisal only 5) down payment facilitation from borrowed funds (temporary) 6) mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their b
Mortgage Broker to proactively build and retain their client base under the soft sell where the LTTP retains all client loyalty as the LTTP facilitates and monitors MB choice: 1) initial
mortgage placements which are in your clients best interest 2) properly explained obligations and renewal provisions 3) 3 to 4 client touch points through out a year paid for by the MB to maintain their relationship with the LTTP 4) pre-approvals that are dependent on home appraisal only 5) down payment facilitation from borrowed funds (temporary) 6) mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their b
mortgage placements which are in your clients best interest 2) properly explained obligations and
renewal provisions 3) 3 to 4 client touch points through
out a year paid for by the MB to maintain their relationship with the LTTP 4) pre-approvals that are dependent on home appraisal only 5) down payment facilitation from borrowed funds (temporary) 6)
mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their b
mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible
mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their b
mortgage 8) etc etc LTTP struggle to find ways to get new business instead
of using their previous trusted status with past clients to build their business.
However, homeowners who do have an existing high - ratio
mortgage will have to meet the «stress test» guidelines at the time these
mortgages are due for
renewal; the exception is where the homeowner pays down the outstanding balance by an amount sufficient to bring the
mortgage out of the «high - ratio» category.
The rules apply only to new
mortgages, not
renewals, but they are significant given that a majority
of homeowners are thought to take
out the types
of fixed - rate
mortgages that will be affected by the stricter qualification requirements.
Once you are up for
renewal, it is your prerogative, and that
of your
mortgage broker, to search
out the best
mortgage products including rates that suit your situation.