Mortgage Renewal

Helping Albertans get mortgage renewals -  EASY!

 With over 15 years in the mortgage industry, Laurie Fletcher, at Dominion Lending Centres Key Financial, is proud to offer a full "Team" approach to home mortgage refinance at renewal time.   We make refinancing your home and getting your new mortgage easy...really easy!  No need to go anywhere else!

Take advantage of great interest rates available right now to lower your overall household payments.  You can use the equity in your home to roll your debts into your mortgage at renewal time or just switch to a new lender to get the best rates offered.  

At our home office, located at 177 Granlea Crescent, Edmonton AB, we have a licensed mortgage professional, experienced Realtor and Real Estate Appraiser on-site.  

If you are not sure of the value of your home and the amount of equity available for refinance just give Laurie Fletcher a call at (780) 909-2070 for more details.  

HERE IS WHY... 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. By omitting proper consideration at the time of renewal, this practice costs Canadian citizens thousands of extra dollars every year. Nearly 60% of borrowers simply sign and send back their renewal that is first offered to them by their lender without ever shopping around for a more favourable interest rate.

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 their mortgage.

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. This means that you need to be tracking your own mortgage term timeframe and know when it is time to start shopping for a good mortgage renewal rate.

Before you ever hear from your lender about renewing your mortgage term, have a licensed mortgage professional shop around for you, you will be amazed at what they can accomplish on your behalf!

Your mortgage is one of your biggest expenses. For this reason it is imperative to find the best interest rates and mortgage terms you possibly can. By shopping around at renewal time you can save substantial amounts of money over the life of your mortgage loan. Don't be one of the 60% who just simply sign their renewal letter and send it back. Use the services of Laurie Fletcher, at Dominion Lending Centres Key Financial, to ensure the lenders compete for your business.