Mortgage Renewal Process
Mortgage brokers will work towards finding you the right mortgage and the best interest rate 90 days before your mortgage matures. Call us to assist you with your mortgage renewal.
When your mortgage is coming up for renewal most banks will send you out a renewal notice in the mail 90days prior to the term expiring. The banks send you out the renewal on the rate that they offered on that date which is 90 days prior to maturity. They offer you the posted rates with very little or no discount. They assume that you are going to sign the form and send it back.
Most of the public sign their renewal without researching what the competition has to offer. Canquest Mortgage offers you her expertise and resources so that you can take advantage of the competitive mortgage rates. Canquest Mortgage can get you a 90 day rate guarantee on your mortgage renewal so if rate go up you are protected and if they go down you will get the lower rate at that institution. It's a win, win situation.
Your financial institution may not be able to give you the best renewal rate, but as we deal with over 20 leading lenders Canada wide, we can find you the lowest rates on the market! Canquest mortgage will find you the best rate possible with the broker rate discount of 1.0 to 1.75% off bank posted rates. The traditional bank policy is to discount you .10 to .75% off their posted rates but it all depends on how much of your personal investments are with that bank and how high of a net worth. At Canquest mortgage we look at your credit worthiness and job stability.
Remember that there is no cost to you to switch your mortgage to another lender. Get us working for you so we can give you the piece of mind you deserve in knowing that you made a sound mortgage decision.