Mortgage Renewals in Calgary

Industry statistics tell us 50% of clients doing mortgage renewals in Calgary this year will renew their mortgage with the bank that previously held it at posted rates. This is an alarming stat as posted mortgage rates can be as much as 1.75% over the wholesale mortgage rates offered by our Calgary mortgage brokers (the mortgage rates you see on our site); this is a significant amount of money over the term of a mortgage.

It is widely known that the banks make most of their profits on mortgage renewals here in Calgary. By mailing clients their mortgage renewals here in Calgary just days before the mortgage comes due, clients are not given time to shop around before having to renew. This is the reason why one half of homeowners pay tens of thousands of dollars too much in mortgage interest and why we see record bank profits year after year (the other 50% used a Calgary mortgage broker).

Our Calgary mortgage brokers get you the lowest mortgage rate every time, not just this time. If you have a mortgage renewal in Calgary coming up please contact us today; we will make sure you avoid becoming another posted rate statistic.

Mortgage Brokers in Calgary