Dominion Lending Centres Mortgage Services Inc.
Services, home equity, Loan Refinancing
While most Canadians spend a lot of time, and expend a lot of effort, in
shopping for an initial mortgage, the same is generally not the case
when looking at mortgage term renewals. Homeowners should never accept the first rate offer from their existing
lender. Without any negotiation, simply signing up for the market rate
on a renewal is unnecessarily costing the homeowner a lot of money on
Generally it is a good idea to start shopping for a new term between
four and six months before your current mortgage term expires. Many
lenders send out your renewal letter very close to the time that your
term expires and this does not give you ample time to arrange for a
mortgage term through a different lender.
, home equity
, Loan Refinancing
, mortgage refinance
, Vacation Property
Contact Dominion Lending Centres Mortgage Services Inc.
Print this page