Renewing Your Mortgage
Think of your mortgage renewal as an opportunity. It is not only an opportunity to get a competitive mortgage interest rate, but also to get a mortgage product that better fits your current needs.
Mortgage Consumer Alert
If you've received a mortgage renewal form from your current mortgage lender, do not simply sign it without knowing all your mortgage options – 90% of the time you will be paying a higher mortgage interest rate than you should, and you may end up with a mortgage that is not best suited to your individual needs. Lenders bank on a large portion of their mortgage holders to simply sign back at higher rates – don't be one of them!
Instead, talk to us at Invis-Feisal & Associates first. We will discuss your mortgage options and available mortgage interest rates, and arrange a mortgage rate hold for you. For those wanting a fixed-rate mortgage, if mortgage rates rise during the period of your mortgage rate hold, you'll be protected; if they fall, you'll have access to the lower mortgage rate. For those looking for a variable-rate mortgage, a mortgage pre-approval will guarantee your mortgage discount off of the Prime rate for a set period - usually 120 days.
At Invis-Feisal & Associates we will also discuss which mortgage product and options are best for you, and help you with a customized mortgage strategy. This is important because by the time your mortgage comes up for renewal, you are most likely in a different financial position than when you first obtained the mortgage loan. As our financial and life circumstances change, so does the mortgage that is best for our needs and goals.
For example, you may wish to access your home's equity to consolidate other debts, or do some long-awaited home renovations.
At mortgage renewal time, make sure you get the most from your mortgage financing. An Invis-Feisal & Associates, we can speak to you about any concerns you may have, including interest rate trends, future plans and other financial decisions that may affect your mortgage requirements. Be prepared so that you know what to do as your mortgage renewal approaches.
Let us help you save on interest costs and become mortgage free sooner.
Thanks so much for all your patience with all our questions and concerns. We now have possession of our house and we know that you got us the best rate for our mortgage! All our friends are envious. It must have been difficult to deal with us because we didn't have a realtor, but we really do appreciate all the time and effort you spent with us. We will definitely pass your name on to our friends and family. Take care Feisal. Kathy & Rick M.
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604.576.1412
1.866.576.1412
604.576.1413
info@YourMortgageExperts.ca
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News Update
Highlights of B.C.'s 2012/2013 Budget
HST to PST Information Bulletin - February 21, 2012
The province will transition back to the Provincial Sales Tax (PST), which will replace the Harmonized Sales Tax (HST), on April 1, 2013. Until then, the province has announced transitional rules for new homes which take effect April 1, 2012.
Kevin Falcon announces HST transition rules for new homes.
British Columbia will return to the PST on April 1, 2013.