Can I renew my mortgage early to take advantage of the low rates?

 

Although your current mortgage hasn't reached its scheduled maturity date, you can take advantage of today's lower rates.

If your mortgage matures in the next 60 days, you should have already received your Renewal Offer in the mail outlining the current rates and terms available to you. The rates in your Renewal Offer are guaranteed for up to 60 days to your scheduled maturity date. That means, if at any time during this 60 day period rates go up, you're guaranteed our Renewal Offer rate. And if rates go down, you automatically get that lower rate without having to do a thing.

If your mortgage maturity is in the next 120 days, you can renew your mortgage early without penalty at today's rates.

And if your mortgage maturity is more than 120 days away, you can blend the interest rate of your current mortgage with the interest rate available today for a new term, or you can break your current mortgage term and get a new term at today's interest rates.

For more information or to discuss which option is best for you, call one of our helpful Mortgage Associates at 1-888-826-4374 (Monday to Friday, between 08:00 am to 8:00 pm ET).