Managing YOUR Mortgage – How to Switch, Renew or Refinance
Your home is an important part of your life and your identity. If your current mortgage term is ending, or you’re just looking to make some changes to your current arrangement, it pays to investigate your options. Let us walk you through those OTHER mortgage decisions you may encounter as a homeowner, such as switching, renewing and refinancing, so you can be confident that your mortgage is always working for you!
Renewing Your Mortgage
Does the thought of renewing your mortgage make you sweat? Well, you can take a deep breath and relax – it doesn’t have to be scary! When your Tandia mortgage is coming up for renewal, which would be the end of your current mortgage term, we will reach out to you. The end of a mortgage term is a great time to evaluate your options and make changes if needed, so take a moment and look at your remaining balance and assess how your current mortgage arrangement has worked out for you. If you’d like to switch things up or make changes but aren’t sure how to get started, speaking with a Tandia representative can have you feeling more confident in no time.
Switching Your Mortgage
Not happy with your current mortgage lender? Switching to Tandia is a breeze! If you’re nearing the end of your mortgage term with another lender and a Tandia mortgage has caught your eye, know that you have options. Switching your mortgage to Tandia is easier than you may think.
Take a good look at your current mortgage – including the terms, the rate you received and the remaining balance. Look closely into any penalties or restrictions as well – and don’t be afraid to do a little math. You may be surprised at how much you can save by making the switch! After doing your research, give us a call – we’d love to walk you through the process!
Refinancing Your Mortgage
Sometimes situations change. You may suddenly need access to your funds, or changing market conditions may have your current mortgage term looking less than rosy. If this happens, refinancing your mortgage may be a great option.
Perhaps you’ve got a large purchase or a major renovation in your future; by refinancing you may be able to secure a lower interest rate than you could with a traditional loan. And sometimes refinancing can be a good option if you’re looking to secure a lower mortgage rate or better terms than what was available at the time you signed on with your current mortgage. Flexibility is a wonderful thing! As with all mortgage decisions, your best first step is to do your research, look carefully into all penalties and restrictions, and speak with someone at Tandia when you’re ready. We can help you get a plan in place so you can make the move into a mortgage that works best for you going forward.
