Access to Multiple Lenders
We compare renewal offers from a broad network of lenders, providing more choices.
Do you have to renew your mortgage? While it’s easy to renew with your current lender, it may not always be the best option. At XLG Mortgage Group, we guide you through a variety of mortgage renewal choices, helping you secure the most competitive terms for your next term.
Mortgage renewal offers a chance to renegotiate your loan’s interest rate, payment schedule, and more. Our team will ensure that the renewal process aligns with your financial goals and saves you money.
When your mortgage term expires but you still have a remaining balance, you’ll need to renew. A mortgage term typically lasts one to five years. Upon expiry, you can either renew your mortgage or pay off the balance. Mortgage renewal provides an opportunity to reevaluate and secure better terms for the next phase of your loan.
Our goal is to make your renewal process as smooth and beneficial as possible. Here’s how we work with you:
We evaluate your current loan terms and financial goals to see if your existing mortgage still suits your needs.
We search for the best rates and terms across various lenders, ensuring your new mortgage aligns with your goals.
After reviewing available offers, we present the best options for your next mortgage term.
Instead of automatically renewing with your current lender, exploring your options could save you a lot of money. At XLG Mortgage Group, we offer:
Access to Multiple Lenders
We compare renewal offers from a broad network of lenders, providing more choices.
Customized Solutions
our financial situation may have changed since your last term, and we tailor mortgage solutions to match your present needs.
Competitive Rates
We work to secure the most favorable interest rates available, which could save you money over time.
No-Obligation Review
Before any commitment, we offer a review of your current mortgage and renewal options.
Many homeowners renew without shopping around. However, reviewing options can lead to substantial benefits:
Lenders often adjust their interest rates, so shopping around could land you a better rate than your current offer.
Renewal time is also a good opportunity to access home equity. This can be used for renovations, debt consolidation, or other major expenses.
Sticking with your current lender may not always be the best move. We explore a wide range of lenders, ensuring you find the best option.
Your mortgage renewal allows you to reassess your loan’s terms, such as prepayment options or amortization schedule, making sure they align with your current financial priorities.
Start reviewing your mortgage renewal options four to six months before your term ends. Most lenders send renewal offers 120 days before expiry, but starting early gives you time to shop around for the best deal. At XLG Mortgage Group, we guide you through this process, ensuring you have enough time to make informed decisions.
Ready to take the next step toward securing your mortgage? Reach out to XLG Mortgage Group today for a consultation. Our experts are available to answer your questions, discuss your financial goals, and help you find the mortgage product that best suits your needs.
+1 905-206-0090
+ 1 833-932-0012
info@xlgmortgagegroup.com
5250 Solar Drive, Unit # 208,
Mississauga, Ontario, L4W 5M8
207-460 Hespeler Road,
Cambridge, ON, N1R 0E3
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