Mortgage Renewals
OUR SERVICES
I understand that with so many mortgage products available in today’s market, it can be difficult to make the right decision.
Whether you’re a first-time homebuyer or looking to buy your second home, it’s important to consult a mortgage professional to ensure you are getting the best financing plan for your specific needs and that you understand the legalities involved. My expertise and knowledge can assist you in making the right choice and make the application process easy, simple and satisfying.
Things to Consider
When it comes to mortgage renewal, it's important to consider a few factors before signing your renewal contract. Here are some things to keep in mind:
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Interest rates
Check the current interest rates being offered by the lender and compare them with rates from other lenders to make sure you are getting the best deal.
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Fees and penalties
Make sure you understand the fees and penalties associated with renewing your mortgage with your current lender, including any prepayment penalties.
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Term length
Consider the length of the term being offered by the lender and whether it aligns with your future plans for the property.
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Payment flexibility
Check if the lender offers payment flexibility, such as the ability to increase or decrease payments or make additional payments without penalty.
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Customer service
Consider the level of customer service offered by the lender and their reputation in the industry to ensure that you will receive support throughout the renewal process.
Frequently Asked Questions
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Do I need to renew my mortgage?
Yes, at the end of your mortgage term, you will need to renew your mortgage if you haven't paid off the full balance. You can choose to renew with your current lender or shop around for a new mortgage.
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Can I negotiate my mortgage renewal?
Yes, you can negotiate your mortgage renewal. It's important to shop around and compare rates and terms from different lenders to find the best deal for you.
Our Services
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Conventional Mortgage
Our knowledge will assist you in choosing the correct mortgage prodcut for your purchase.
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Private Mortgage
Private mortgages offer a level of flexibility that traditional banks often cannot match.
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Mortgage Renewals
Renewing your mortgage is as important a financial decision as selecting your first one.
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Home Equity Loans
The decision to refinance requires proper planning and consideration of several factors.
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Debt Consolidation
Are you burdened by multiple debts? Mortgage refinance can be a popular financial remedy
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Commercial
At M.M. Financial, we offer financing for all types of commercial projects.
Ready to Take the Next Step?
Our team is ready to help you on your mortgage journey from application, to your move in date. Contact Us to get in touch with an agent.