Mortgage Renewal Process
It’s Time to Renew. Have an Oriana Broker give you a Financial Check-up instead!
A renewal is like a fresh start, so don’t get caught by the banks. A renewal may not be the answer! A refinance for a fresh start may be what is best.
When a term is coming to a close, most Canadian banks will send a mortgage renewal notice in the mail a few months before the term is up. At this time the banks tend to assume that you will sign on with them for another term at their posted rate with very little or no discount. Over half of the public will sign this renewal without researching what the competition has to offer. At Oriana Financial we are here to offer you the expertise and resources so you can take advantage of the competitive mortgage market.
Renewals are easy to complete and can expand your financial options:
- Flexible terms and pre-payment options
- Access to over 20 Lenders
- Mortgage Planning/Wealth Planning
- Achieving your current goals
- Accommodating for the future
CURRENT RATES
| Term | Our Rate | Bank Rate |
| 2 YEAR | 5.39% | 7.35% |
| 3 YEAR | 4.89% | 7.14% |
| 4 YEAR | 4.89% | 6.99% |
| 5 YEAR | 4.69%* | 7.04% |
| 5 YEAR variable | 5.55%* | 7.20% |
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