Learn More About Mortgage Renewals
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Discover the lowest rate and the best terms with a mortgage matched to you.
120 days before your mortgage is set to renew you can start the process. We ...
120 days before your mortgage is set to renew you can start the process. We will send you a renewal reminder 150 days before your renewal date, so you're well prepared. It’s not hard to switch lenders, and while we can make it even easier, time crunches are never fun. With more time, we can shop around, negotiate, and secure a mortgage matched perfectly to you.
We know it’s no fun sitting on a wad of cash when you want to ...
We know it’s no fun sitting on a wad of cash when you want to pay your mortgage down! Renewal time is a great opportunity to pay as much as you want without any of these pesky fees. During your term you can prepay your mortgage but only within limits. When you exceed the limit there will be a penalty, the amount will vary depending on your terms. This is why we keep telling our clients- terms trump low rates! We promise to ensure you understand your mortgage and all of the terms before you sign on the dotted line.
Switching lenders is a straightforward and simple process when you have an experienced broker to ...
Switching lenders is a straightforward and simple process when you have an experienced broker to lead the way. We can help you attain a better mortgage at renewal time. We start by getting to know you and your plans for the future. This allows us to narrow down the search for a mortgage that's right for you. Once we find a product you like, we will gather your documentation and a current assessment of your property value to submit your application. Before you know it, you’ll have a new mortgage that saves you money with terms that give you room to grow.
Need some extra cash? Hoping to avoid fees? Renewal time is an ideal opportunity to ...
Need some extra cash? Hoping to avoid fees? Renewal time is an ideal opportunity to refinance your mortgage because you won’t be dinged with any penalties. We can help you restructure your mortgage with a product that provides the flexibility you need to reach your goals.
Mortgage terms can make or break your future plans, so pay attention! Is your mortgage ...
Mortgage terms can make or break your future plans, so pay attention! Is your mortgage restricted, are there atypical penalties, peculiar cash back clauses, claw backs, unique charge requirements, limited features, no flexibility, blending or porting rules, or pre-payment restrictions? All of this fine print can become a big deal in the future and as your broker, we take it on as our responsibility that you are crystal clear on what you are committing to. We’ll make sure you're ready for a hassle-free renewal.
Are you wondering if you should renew with a fixed or variable rate? In normal, ...
Are you wondering if you should renew with a fixed or variable rate? In normal, healthy markets, variable rates are lower than fixed. In a nutshell, variable rates will fluctuate but are inexpensive to break, while switching out of a fixed rate can be very expensive. Conversely, fixed rates provide peace of mind because you know your monthly payments ahead of time. Your best choice depends on your goals, borrowing profile, and current economic circumstances. Give us a call and we’ll advise you on the best mortgage product for your life.
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“I highly recommend working with Spin. Bonnie was available to answer all my questions and find solutions for all the inevitable bumps in getting the right mortgage.”
“I have been using Spin Mortgage since 2003! If the bank doesn't give me a rate I like, I go to Steve and Ryan. ”
“This is our second mortgage with Ryan and the Spin team. We will be coming back if we need any more mortgage advice. Ryan and the Spin team has been consistently excellent.”
“The experience to renew my mortgage was amazing. Provided all documents online and even don't have to go for signing. The team is professional and I like to recommend this for my friends and family.”
“The team at Spin Mortgage is knowledgeable, responsive and has always made us feel well taken care of. From our first home, to transferring over our mortgage to a renewal, they've helped to guide us through the fine print. Great rates, great customer service and a seamless process!”
“Highly recommended. Totally professional and genuine. It came down to me renewing with a major bank or going through Ryan at Spin. The bank took forever, wasn't clear and didn't mention fees. Ryan's group were totally transparent and were happy for me to get the best deal.”
“I purchased my first house in 2005, and it was all a mystery to me. Steve was recommended as a mortgage broker I could work with, and he has been my go-to professional ever since. He has shepherded me through 3 renewals and has moved mountains on my behalf.”
“Steve was highly recommended to us by our realtor in 2003 when we bought our first house. Over the years he has taken very good care of us, providing excellent service and expertise, always negotiating the best rates for our mortgage renewals.”
“We left our mortgage renewal a bit late, which had me worried at first. Once I contacted Spin Mortgage, Steve put my mind at ease and guided us easily through all the steps to select a new mortgage and get it set up on time.”
Become a smarter borrower by visiting our Info Hub.
