Should You Switch Lenders at Mortgage Renewal?
Switching lenders at renewal often saves you money, because your current lender rarely offers its best rate on the renewal letter. Moving your mortgage to a new lender can secure a lower rate, but it comes with its own paperwork and a fresh approval. The right choice depends on the rate gap, any penalties, and […]
How to Negotiate Your Mortgage Renewal Rate
You negotiate your mortgage renewal by refusing the first offer and showing your lender a better rate from the market. Lenders keep a lower retention rate in reserve, and they only release it when you signal you are ready to leave. The renewal letter is an opening bid, not a final price. A short, well-timed […]
Should you break your current Mortgage?
Breaking a mortgage in Canada typically involves paying a penalty and other fees. It’s a complex and costly decision that requires careful consideration. Get expert advice from a financial advisor or mortgage broker before proceeding.
Toronto Real Estate Update: Q&A with Alex Balikoev
There have been a lot of changes since the Coronavirus has surfaced in Toronto. We chat with Alex of Sotheby’s to find out the latest updates Alex Balikoev is no stranger to change in the real estate industry. He started his career selling real estate back in Russia in 2008 and has risen to be […]