For most homeowners in Ontario, a mortgage is the largest financial commitment they’ll ever make. As such, it’s important to carefully consider all of your options when it comes time to renew your mortgage. The good news is that in Ontario, you can typically renew your mortgage up to six months before its maturity date. This gives you ample time to explore all of your options and work with a Mortgage Agent from a firm like Harmer Wealth Management to find the best rate and options for your needs and goals.
Renewing your mortgage early can be a smart financial move, especially if interest rates are expected to rise in the near future. By renewing early, you can lock in a lower rate and save money over the life of your mortgage. It can also provide peace of mind, knowing that your mortgage is in place and you won’t have to worry about it for another few years.
At Harmer Wealth Management, our team of Mortgage Agents can help you navigate the renewal process and find the best rate and options for your specific needs and goals. We work with a wide range of lenders and have access to a variety of mortgage products, so we can compare all of your options and recommend the best one for your situation.
In addition to finding the best rate, our Mortgage Agents can also help you tailor your mortgage to your unique needs and goals. For example, if you want to pay off your mortgage faster, we can help you find a product with a shorter amortization period. Or, if you need more flexibility in your payments, we can help you find a product with a more flexible payment schedule.
Another advantage of working with a Mortgage Agent is that they can help you navigate the complex world of mortgage refinancing. Refinancing your mortgage can be a smart move if you want to consolidate debt, access equity in your home, or take advantage of a lower interest rate. However, it can also be a complex process with many potential pitfalls. Our Mortgage Agents can guide you through the process and help you make informed decisions.
In conclusion, renewing your mortgage early can be a smart financial move. Our team of experts can compare all of your options and recommend the best rate and options for your needs and goals. Contact us today to learn more about how we can help you with your mortgage renewal or refinancing needs.