Bank mortgage rates are incredibly low right now as I’m sure you are aware and if you haven’t noticed some rates are starting to rise.
Did you know that many lenders don’t offer the same low rates a new borrower would receive to their existing borrowing clients when it comes time for their renewal. I agree it makes no sense at all.
You make each and everyone of your payments on time as agreed. Cause zero friction in the lending system ultimately printing them money only to be potentially duked on your renewal!
Truth be told there are stats that talk 8 out of 10 mortgage renewals get signed at a mortgage rate up to a .85% of a percent higher than the going rates. You can also calculate it as up to 23.81% higher than the going rates for new borrowers on the same day!
Thats right even if you have perfect credit, years of impeccable payment history. It doesn’t matter with select Canadian lenders you are more of a number to them than you are a name. Driving the lending business to more about making money vs making friends.
Well we are here to change the playing field for you and the best part is we don’t make a cent unless we can prove to you that we have saved you money!
We know which lender is offering the best rates, which promotions are showing up and where we can save you several thousand of the next 1-5 year terms.
We also know the lenders that typically over charge on their renewals.
Our offer for you is that we will reverse engineer your renewal to where you are a name and not a number. Crunch the math and come up with a savings for you or not.
You maybe thinking I’m kidding that the bank will not treat you equally as your mortgage renewal comes up. You may have a lender that would prefer to take chances on losing you as a borrower in order to receive bumped renewal rate to increase their bottom line.
You know why I love mortgages. Because they involve numbers and math…. Math as you know doesn’t lie.