Best Financial Advisors in Dundas, ON

Renewing Your Mortgage in Hamilton? Steps to Secure Low Rates If you’re renewing your mortgage in Hamilton and want to secure the best rates, it’s essential to be informed and prepared. We recently received a call from two local teachers who were renewing their mortgage for the first time and were understandably anxious. Although I hadn’t met this husband and wife before, they were highly recommended by a previous client. During our 10 to 15-minute conversation, it became clear that they were a solid couple with great income, and their mortgage balance compared to the value of their home was low. However, their current lender, a major bank, was offering them a five-year renewal at 6.79%. Ouch. At the Rob Floris/Sean Howard office, we receive similar calls about mortgage renewals approximately 10 times a week from Hamilton residents seeking better options. Understanding the Mortgage Market in Hamilton Lenders are facing tougher times as the volume of mortgages has decreased significantly. Many lenders count on clients not doing their homework and just signing the renewal they offer. However, if you approach your mortgage renewal as an educated client, you can negotiate much better terms. How to Negotiate a Better Mortgage Rate Here’s how we helped our Hamilton teachers negotiate a better mortgage rate…