Mortgage Renewal Check UP
Mortgage Renewal Got You Down? Have Mortgages For Less Give It A Check-Up
Many Canadians are going into the their mortgage renewal with some well deserved anxiety. Here at Mortgages For Less we are ready to discuss strategies to help keep your mortgage payments steady, even in a raising rate environment. Connect with us today to see if we can help you.
- Don’t take the bank’s offer. Let us shop for you!
- Consolidate high interest debt to reduce your overall monthly payments.
- Extend your amortization
- Take a shorter term mortgage.
If your bank isn't offering you this rate or better on your mortgage renewal we can help!
We Shop Your Rate. You Save Thousands!
Don’t take your banks first offer! Let us use our relationship to multiple lenders and make them compete for your mortgage renewal business.
Combining your high interest debt
Reduce Monthly Payments
(Even with a higher rate)
Current Debt Payments
Mortgage rate of 3.49 prior to renewal- $300,000 Mortgage Balance @ 3.49% = $1,734
- $20,000 Credit Card Debt @ 3% repayment = $600 Month
- $10,000 Line of Credit with interest only payment $100/month
- $10,000 remaining on a vehicle payment = $350/month
Do Nothing
Renew at going rate and leave other debt as is- $300,000 Mortgage Balance @ 5.54% and 20 years =$2060
- $20,000 Credit Card Debt @ 3% repayment = $600 Month
- $10,000 Line of Credit with interest only payment $100/month
- $10,000 remaining on a vehicle payment = $350/month
Mortgage Renewal Amortization Change
25 🡺 30
Extending Your Amortization
If you have enough equity your home we can extend your amortization period up to 30 years. This can save you a lot of money in the short term as you wait for rates to come back down. If you want to swtich back to a 25 year term during your next renewal that is always an option.
Past Payment
$300,000 @ 3.49 - 20 years remaining- Your Current Mortgage Rate, pre-renewal
Do Nothing
$300,000 @ 5.69% - 20 year- Pay off your loan faster, but with higher payments
Mortgage Renewal Term Length
Choose a shorter
Term
Keep Your Amortization
Less Total Interest
About Us
Mortgages For Less if your friend Calgary Mortgage Broker. We’ve been in the business of helping people get their mortgages since 2006.
We’re A Passionate Calgary Mortgage Broker Helping People Finance Their Dream Homes.
Our Team of Calgary Mortgage Brokers 100% about helping people. Our team has years of experience helpings others just like you. Check out our bio section to learn more about what makes us tick.
Our Mission
Are You Wanting Personalized Help? Schedule a One-on-One Consultation And Let’s Give Your Mortgage Renewal A Check-Up!
Personalized Service is what we do BEST! Mortgages for Less prides itself on our team of problem solving agents. We will answer all your questions, and guide you along this path to home ownership. We aren’t scary! We promise.
TESTIMONIALS
Happy Clients
A few kind words from our happy customers!