Regina Mortgage Renewal
If you're renewing the mortgage on your Regina home, consider shopping around with First Foundation. We're mortgage brokers that understand the Saskatchewan real estate landscape who can get you the rates and terms you want, not the rates your bank wants you to accept without a fight at renewal time.
Getting a Better Mortgage at Renewal Time is Simple
A mortgage broker has only one interest; making sure that their client gets the absolute best mortgage they can find for them. This is because First Foundation wants you to come back to us and refer your friends and family. The banks know they'll get new business based on their name recognition and huge marketing budgets, so their primary interest is getting you to sign back up with them at an interest rate which benefits their business, not you.
Having First Foundation on your side when trying to renew the mortgage on your Regina home means you'll get excellent interest rates and may even be able to wiggle out of tricky clauses that the banks sneak into your mortgage to make renewal time as confusing for you as possible. We make switching lenders easy and do all the work so you don't have to.
How a Bank Differs From a Broker at Renewal Time
If you get your mortgage through First Foundation, we'll shop around for the best deal for you when it's time to renew your mortgage. We don't let you automatically sign on the line with your current lender, because they may try to sneak in terms and higher rates when you renew with them. If they are the best option, we'll advise you to go ahead and renew. If they aren't, we'll make the process of requalifying with another lender as painless as possible for you.
Here is an entry from our blog called "Loyalty Means Nothing at Renewal Time". Banks will not offer you the best rates upon renewal, the stats prove it!
At mortgage renewal time with a Regina bank, your bank representative is trained to make you think that you're a rat in a cage with no way out. They may claim they have the best rates, and that there is no point in shopping around. They'll also offer to price match any rate you find out there, a tactic designed to increase your comfort level with just signing on the line without doing any investigating. If you come back to them with a rate, they may still price match, but you may not get the terms that you could get with another lender. The bottom line is to not trust your bank to get you the best rates and the best terms. A broker, on the other hand, can shop a wide range of lenders and get you a deal, while your bank mortgage specialist is locked in to only offering what the bank will allow.
Contact First Foundation today to find out how we can help you get the best deal on your Regina property when it's time for your mortgage renewal. We can save you lots of money and get you the terms you want, not the terms the bank wants to force you to accept.