Mortgages Renewal
Renewing your mortgage doesn’t have to be that difficult. Nambiar Mortgages has dedicated mortgage agents who ensure the entire process is transparent, smooth, and customized to fit your needs. Whether you want to get a better rate, change your payment schedule, or tap into your home equity, we help you make the right decision at renewal time.
What is Mortgage Renewal?
When your existing mortgage term is up, you will have to renew it for another term unless you have paid the mortgage in full. A mortgage renewal gives you the power to revisit your financial goals, reassess your mortgage needs, and negotiate new terms that better suit your circumstances.
How We Can Help
As your licensed mortgage agents, we advocate on your behalf in the renewal process. We examine your existing mortgage and financials and provide renewal options that match your long-term objectives.
Our services include
Rate Negotiation
Our team assists you in getting the best possible rates that could lower your monthly payments or total borrowing cost.
Term Adjust
Whether you’re looking to keep your term as short as possible or looking for a longer-term mortgage, we can discuss a plan that works for you.
Consolidation Advice
We provide straightforward advice and solutions if you’re considering consolidating other debts into your mortgage at renewal.
Prepayment Option
We offer the ability to make additional mortgage payments and tell you how to save money.
Access Equity
If you want help accessing the equity you’ve built up in your home for renovations, investments, or other purposes, we’ll put together the right plan to make it work within your renewal.
Plan Your Mortgage Renewal with Experienced Agents
The experienced team at Nambiar Mortgages can help you prepare in advance to renew your mortgage and maximize the opportunity to save money. We’ll assist you in reviewing your existing mortgage, comparing competitive rates and terms, and managing flexible options that align with your new financial goals. Our agents will walk you through the process and make your renewal feel easy, informed, and empowered.
When to Start Thinking About Renewal
Lenders usually send renewal reminders 3 to 6 months before your expiry date. But it’s not too early to begin reviewing your options. Planning ahead may also help you get better rates and avoid committing to less attractive terms.
Renew with Confidence
As your mortgage agents, we are responsible for making your process as easy as possible and getting the best deal we can. We will guide you through coverage options, answer your questions, and help you feel confident about your renewal choice.