We Find The Best Mortgage Renewal Solution For You!
Mortgage Renewal Tips
Renewing your mortgage is the perfect opportunity for you to choose a mortgage product that better suits your current financial preferences and needs. It is important to note that when the majority of lenders initially communicate the renewal options for borrowers, the lender usually does not offer the best terms and conditions available in the market. Lenders hope borrowers take the path of least resistance and renew into the initial offerings, which generally means their profits are greater. NXT Financial helps borrowers everyday explore their renewal options in greater detail.
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Start early:
Start looking at your renewal options ideally six months before your term ends (maturity).
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Customize your term:
Evaluate your term length, payment frequency, and prepayment options.
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Plan for the future:
Need funds in the near, immediate future? Desire a HELOC for a rainy day? Let’s build the right plan for you.
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Cash flow considerations:
Are you entering a new phase in your life such as retirement, becoming a parent, etc.? Ensure your cash flow projections are aligned with your mortgage product.
