Saskatoon Mortgage Broker shares article on advantage of an early mortgage renewal

Now is the time to take advantage of an early mortgage renewal

Rob Carrick, The Globe and Mail, June 19, 2015

The call display on your phone says it’s your bank calling.

If you have a mortgage coming due in the next six months, pick up. Banks can be intrusive with their client calls and telemarketing, but talking to them about an early renewal of your mortgage can save you a lot of money.

Long-time homeowners will tell you that over the life of a mortgage, you’ll almost certainly have to renew at higher rates at some point. But for the past six years, homeowners have been in the fortunate position of being able to renew at similar or lower rates. This won’t continue indefinitely, and that’s why renewals occurring through the remainder of 2015 are crucial.

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