A mortgage is not set-and-forget. Life changes, and so do your options. A quick review now and then helps make sure your mortgage still fits where you are and where you are headed. Here are the signs it may be worth a look, and what a checkup covers.
Your term ends within the next year.
Income, family, or goals have shifted.
Higher-interest balances sitting elsewhere.
Your value or paydown has increased.
A renovation, purchase, or investment in mind.
We look at your rate type and term, your payments and prepayment room, your remaining amortization (the time left to pay it off), and when your mortgage comes up for renewal.
Then we look at whether the structure still fits your plans, and options such as consolidating debt, accessing equity, or adjusting payments as your goals change.
Not sure where your mortgage stands? Reach out and we will review it with you in plain language, so you know whether it still fits your plans. A licensed member of our team will follow up.
Start a conversationInformation here is general and educational. It is not financial, legal, or lending advice, and it is not an offer of financing. Whether any change makes sense depends on your situation and lender criteria, and switching or refinancing may involve costs. Any figures are illustrative only. All financing is subject to lender review, property review, and supporting documentation. Submission of a form does not guarantee approval or financing.