What does it mean to renew your mortgage early? When you get a mortgage to buy a property, your loan has a fixed term. This is called a mortgage term. When your term ends, you must renew your mortgage, or pay off what's left of it. A pre-term mortgage renewal occurs when you choose to renew your loan before your current term officially ends. By that time, the prevailing interest rates (what it costs to borrow) may have changed. When renewing, you can also choose to change the length of your new term. For example, 3 years instead of 5. To simulate borrowing scenarios, use our mortgage payment calculator. https://nishantgovindan.com/refinance/refinance-calculators/ Be careful of penalties! Most lenders will let you renew your mortgage up to 6 months before it expires, penalty-free. Before this 6-month period, certain fees may apply. That’s why it’s important to make your calculations before deciding. Compare the difference between the penalty and the interest savings that the new mortgage rate could provide. In general, the later the mortgage maturity date, the higher the penalty. Contact me today and I will do a quick and thorough assessment. Give you the straight goods on your personal situation. Your success is important to me. Nishant Govindan Email: [email protected] Tel: (647)646.6843 www.nishantgovindan.com #wolfpackmortgagesolutions #canadianmortgages #dlc #mortgage #mortgagebroker #mortgageaget #refinance #newhome #mortgagerenewal #kingstonontario #perthontario #bellevilleontario #londonontario #oakvilleontario #ottawaontario #westportontario #toronto #brampton #vaughan #oakville #vancouver #calgary #pembroke #cornwall #gananoque #napanee #ajax #durham Powered by DLC National FSRA#12360 Independently owned and operated.

Equity is an asset that your home accumulates as you pay down your mortgage. You can also increase your equity by making renovations or otherwise improving how valuable your property is. Your equity will even rise by itself if your neighborhood becomes more desirable. To calculate how much home equity you have, simply tally up the estimated real estate value of your property and subtract the balance remaining on your existing mortgage. Once you have at least 20% equity, you’ll be able to access a variety of credit products that are secured against it. For more details, Contact me today! Nishant Govindan Email: [email protected] Tel: (647)646.6843 www.nishantgovindan.com #wolfpackmortgagesolutions #canadianmortgages #dlc #mortgage #mortgagebroker #mortgageaget #refinance #newhome #mortgagerenewal #kingstonontario #perthontario #bellevilleontario #londonontario #oakvilleontario #ottawaontario #westportontario #toronto #brampton #vaughan #oakville #vancouver #calgary #pembroke #cornwall #gananoque #napanee #ajax Powered by DLC National FSRA#12360 Independently owned and operated.

As many self-employed clients have realized, the task of acquiring a mortgage can be trickier than those working as an employee. But rest assured! Wolfpack Mortgage Solutions Team specializes in providing mortgage solutions for those who are self-employed. With access to over 60 lenders, I ensure you will get the right mortgage for your situation. For more details, Contact me today! Nishant Govindan - Mortgage Agent Email: [email protected] Tel: (647)646.6843 www.nishantgovindan.com #wolfpackmortgagesolutions #canadianmortgages #dlc #mortgage #mortgagebroker #mortgageaget #refinance #newhome #mortgagerenewal #kingstonontario #perthontario #bellevilleontario #londonontario #oakvilleontario #ottawaontario #westportontario #toronto #brampton #vaughan #oakville #vancouver #calgary #pembroke #cornwall #gananoque #napanee #ajax #durham Powered by DLC National FSRA#12360 Independently owned and operated.