Worried About Not Qualifying When Your Renewal Comes Up?
You’re not alone—this is something I have hearing about a lot lately. With people coming up to renewal from COVID rates and higher interest rates these days, it’s a common concern.
But here’s the good news:
If you haven’t missed any mortgage payments, your current lender will almost always offer you a renewal option.
It might not always be the rock-bottom rate you see online, but they generally won’t turn you away if you’ve kept up with your payments.
Switching Lenders?
Another option people don’t always know about is changing lenders at renewal.
In some cases, you may even be able to switch lenders without going through the mortgage stress test again. That can open up the door to getting a better rate or better terms without all the extra hurdles.
Of course, not every situation is the same, so it’s important to check what’s possible for you.
Need Help Navigating Your Renewal?
That’s exactly where I can help.
If you’ve got a renewal coming up, I’m happy to sit down with you and go over:
-The pros and cons of staying with your current lender
-Whether switching makes sense
-What rates and options you actually qualify for
And remember—my advice is always free. And if you decide to use me for your renewal, my costs are covered by the lender.
If you’re feeling anxious about your renewal or just want to make sure you’re getting the best deal possible, reach out. Let’s chat, and I’ll help make sure you have a clear, stress-free plan moving forward.