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AK Mortgage Plus

Mike Doyle (STI)                                        vs_mike_doyle.gif (6130 bytes)

Mortgage And Investment Consultant

103 - 7337 137th Ave Surrey BC V3W 1A4 Phone 604-230-6790 Fax (Toll Free) 866-849-0822

Mortgages

Investments

Forms and Booklets

Mike Doyle

 

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Is Your Mortgage up for Renewal?

Is your mortgage coming up for renewal?. Don't be too hasty in just signing the form and sending it back to your bank.   Unfortunately over 70% of Canadians do just that, and what is the usual result — a higher rate and a mortgage product that might not be best suited to their interests.

With over 40 lenders at my disposal, you may want to renew/switch your mortgage to another lender who will give you a better rate. Most lenders now offer "no cost or low cost switches" and it's a smart way to reduce your interest costs.

A "switch" is the simple transfer of a mortgage in the same or lesser amount of the current principal to a different lender. The mortgage must not be "closed" or restricted in any way from being transferred.

Changing lenders to achieve specific financial goals has become very inexpensive and convenient for borrowers.

Most companies will now hold rates for 120 days.  What that means to you, is your interest rate is guaranteed to be the lowest rate in the 4 months prior to your renewal.  From the date I put your mortgage on line, your rate is guaranteed.  So if your mortgage is up for renewal in the next four months, call me now for a free consultation and professional advice.


Consolidations, Renovations, Purchases, Switches