Mortgage Renewals in BC

Many bank clients assume that their banks are always giving them their best interest rates. So when their mortgage renewal in BC comes in the mail, they simply sign it and send it back in not realizing they just renewed their loan at posted rates. This is a very costly mistake that we see all the time.

It is common knowledge in the industry that the banks make the majority of their money at the time of mortgage renewal in BC. Almost 50% of clients sign back their mortgage renewals in BC at posted rates; these rates can be as much as 1.75% over the best interest rates you see offered by Verico. To put this into context, this simple error can cost you tens of thousands of dollars over the term of your home loan.

Our BC brokers get you the best deals in BC every time; on your first mortgage, on your mortgage renewals or when you refinance. There is no need to haggle or negotiate as you are already getting the lowest mortgage rates in Canada. Call us today if your mortgage renewal in BC is coming up as we can hold interest rates for up to 120 days prior to your mortgage renewal in BC.

BC Mortgage Renewal