Renew, Refinance, & Relax
Renewing or refinancing a mortgage that you’ve had for years can feel like reopening a can of worms you never expected to deal with again—but there’s no cause for concern. I’ll help you shop around for the best rate so that you can achieve your financial goals faster.
Easy Steps for Renewing or Refinancing
Choosing the Best Option for You
- When to renew or refinance
- Different refinancing options
- How to use refinancing to help pay off other debts
… And more.
Completing the Paperwork
- Collect supporting documents
- Review the application for inconsistencies
- Submit everything to your lender
With my help, you can rest easy knowing you’ve found the best option for renewing or refinancing your mortgage and applied for it properly.
Closing the Deal
- Understand the terms of any offer you receive from a lender
- Sign the final paperwork with confidence that you’ve made the best choice
I’ll guide you through the whole process, troubleshooting along the way and checking in with you to make sure you always know what’s going on.
What is the difference between renewing & refinancing?
Refinancing a mortgage involves changing your current mortgage deal for a different one. This means you’ll have to get the new mortgage approved by the new lender, and can come with various fees. However, refinancing is often a good idea if interest rates have dropped since you took out your original mortgage, as this can lock you into a lower rate.
When you work with me, we’ll discuss the pros and cons of renewing and refinancing so you can understand what option is best for you.
Why use a mortgage broker for a renewal?
You might think there’s no need for a broker if you’re simply renewing the terms of your existing mortgage. But working with a broker can come with several benefits, including:
- Troubleshooting mortgage renewal problems
- Finding you better options than renewing with your current lender
- Helping you process your required documents quickly and accurately
Is it worth it to renegotiate my mortgage?
There are several situations in which renegotiating your mortgage can prove useful. These include:
- You want to borrow against the equity in your home
- You want to take advantage of lower interest rates
- You want to consolidate debt
Finding opportunities to refinance your mortgage for a better deal with another lender can also help you negotiate better terms with your current mortgage holder. When you contact me, we’ll look at your situation and see if you can benefit in any of these ways.
Will my mortgage payments go down when I renew?
When you renew a mortgage, you have an opportunity to ask for a better rate. Most people don’t, because they assume that what they’re offered is the best they can hope for—but that’s almost never true. A skilled broker like me can help you get the best terms when you renew so you can enjoy the lowest possible rate.
But even if you manage to get a lower rate for your renewal, it’s a good idea to keep making the same monthly payments as before. This will help you pay down your mortgage faster, giving you the best value in the long run.
Is renewing your mortgage the same as refinancing?
Can refinancing help me get a better rate?
Absolutely! One of the best reasons to refinance is to take advantage of lower interest rates, which can either reduce your monthly payments or help you pay your mortgage off faster in the long run.
But refinancing isn’t always the best choice—it comes with certain expenses, and you’ll need to make sure that any amount you’re saving offsets those costs in a reasonable amount of time. Fortunately, I’ll be at your side to help you make that call.