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Should You Stay With Your Current Lender/Bank?

Should You Stay With Your Current Lender/Bank?
 
It may feel like a comfortable thing to do when renegotiating your mortgage but is it the most beneficial, financially speaking, when looking at renegotiating your mortgage?
 
An article in the Globe & Mail yesterday discusses this topic in great detail. The author notes some very important things to look out for when renegotiating your mortgage.  Reasons to renegotiate would be to lower your interest rate, refinancing your home/mortgage to pull equity out to buy another home, to pay off higher interest debts or when your mortgage term has expired.
 
See the full article below for some great tips and, as always, if you have any question or want to discuss your mortgage or a new mortgage please feel free to give me a call.
 
Sincerely,
 
Tony

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