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Mortgage Renewal: Don’t Just Sign—Strategize!

General Michele McGarvey 25 Jun

When your mortgage comes up for renewal, it might seem easiest to sign the lender’s offer and move on. But that convenience could cost you.

Your renewal is a perfect opportunity to reassess your financial goals and explore better options. With interest rates, home equity, and life circumstances constantly changing, the mortgage you needed five years ago might not be the one that suits you today.

This is your chance to:
✅ Negotiate a better rate
✅ Tap into your home equity for renovations or investments
✅ Consolidate high-interest debt
✅ Adjust your term or payment schedule

You’re not locked in with your current lender—you have options. Working with a mortgage professional means we’ll shop the market for you, compare offers, and build a strategy that fits your goals.

Before you renew, reach out for a quick, no-obligation review. It could save you thousands—and bring peace of mind for your next term.

– Michele McGarvey Team, Dominion Lending Centres