Mortgage Renewal in Fort McMurray

Time to renew?

When your term ends, your bank mails a renewal letter with a rate that’s convenient for them. Signing it is the single most expensive click most homeowners make. A quick review usually turns up a better rate — and it’s the perfect moment to restructure if your life has changed.

What to check at renewal

• Rate — is the offer actually competitive, or just easy?
• Term & type — fixed vs. variable, and how long, for where rates are headed.
• Restructure — consolidate debt, change your amortization, or pull equity while you’re at it.

Send me your renewal letter and I’ll tell you in plain terms whether to sign it or beat it.