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The mortgage market is very
competitive right now.
All the major banks and Trust companies are clamoring
to get new mortgage business and to maintain their
existing business.
It is truly a consumers market for mortgages!
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Put Your Trust in Us |
The banks posted
interest rates are only the starting point for your mortgage renewal
negotiations.
Interest rate discounts of 1/4%, 1/2%, 3/4% and even as high as
1% are not unheard of in this market. Renewal fees are VERY negotiable
and should not be paid unless you have exhausted all other possibilities.
So where do you start?
You must become an informed consumer.
You have no negotiating power unless you know if what you are being
offered is a good deal or not.
This takes some time and effort on your part but it can save you
several thousands of dollars over
the life of your mortgage.
The first step is
to contact your existing financial institution to discuss your renewal
options with them.
In many cases they will offer you a small interest rate discount
as soon as you ask for one.
Most of the time this is not their best deal so don't stop there.
Visit several other institutions and discuss your situation with
them. Tell them what you are looking for and you will be amazed
at how aggressive
they are to get your business. This whole process takes time, effort
and a lot of patience but it will
pay off in the end.
The alternative to
all this work is to let us get you the best mortgage right from
the start. We won’t waste your time and we’ll get you
the best possible rate right from the start. Best of all, the lender
will pay
for our services so there is no cost to you. Sound too good to be
true? Check out the testimonials
from our many satisfied clients.
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