If you’ve had a mortgage for more than one term, you’ve more-than-likely received a renewal notice from your bank or current lender. Obviously, the lender that currently has your mortgage (assuming you’ve made all the payments on time, etc.) wants to keep your mortgage. They’d love nothing more than to sign you up for another… Continue reading Bank Early Renewal Notices
Tag: banks
Don’t Sign That Mortgage Renewal
The major banks currently renew somewhere between 80-90% of the mortgages they hold, and the majority of those renewals are done at posted rates (posted rates are the rates that are publically advertised by the banks, and the rates also used for qualifying for a variable rate mortgage). Many clients, especially those with a steady… Continue reading Don’t Sign That Mortgage Renewal
The Various Sources of Mortgage Funds
When you think about who actually funds mortgages (ok, I’ll admit it’s not a question a lot of people ponder for more than a couple of minutes), you may be surprised to find that mortgages are actually funded by a variety of sources – from banks (the obvious one) to credit unions and mortgage loan… Continue reading The Various Sources of Mortgage Funds