Lowest interest rate

  • Low Monthly Payments
  • Flexible payment schedule

How our Mortgage Brokers can help?

Brevity Mortgages believes that you shouldn't just renew your mortgage loan, but should also renegotiate it. Our mortgage brokers are connected to many lenders so they can help you evaluate your options and decide which one is best for you. We can help you to compare factors such as:

  • Interest rates
  • Lender fees
  • Annual percentage rates (APRs).
  • Monthly payments
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How do you renew your mortgage?

You can mark the maturity date of your current mortgage term on the calendar. Next, count back 120 days (4 month) and mark that. This is the date most lenders will allow you to begin the early mortgage renewal process. If you break your term early, you won't have to pay a prepayment penalty. You can also research your options online if you aren't ready to meet with your lender or mortgage broker. You will be better equipped to negotiate when you're ready to renew by knowing which lenders offer what mortgage rates, prepayment options, and other terms.

4 things to evaluate

  • Consider Your Financial Goals

    There are many things that can happen during your current mortgage term. You may not be able to achieve your financial goals from the beginning of your current term. It is possible that you have had a significant raise at work, lost income, or retired.

  • In the last 30 days, be ready to renew

    Your current lender must send you a mortgage renewal letter atleast 21 days prior to the expiry of your mortgage term. However, they will typically mail you a renewal offer for the lowest posted rate, good for 30 days before maturity.

  • Make a decision

    It's time to finally make a decision after looking at all options, taking into account your financial goals, determining your mortgage requirements, and receiving a renewal offer from your current lender.

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Why you should choose Brevity mortgages

Borrowers

  • We provide the most reliable mortgage solutions for your dream house
  • We provide curated solutions specific to your mortgage needs based on your qualification
  • Rapid mortgage approvals and fast closings
  • You can save time and Money
  • Best lender discounts and promotional offers for best interest rates
  • Access to experienced and professional Mortgage Agents
  • Brokers in the industry
  • Credit Score privacy

Brokers or and Agents

  • Dedicated team to help you with your clients
  • Veterans who share their industry experience and help you with each step
  • One on One Support and Training
  • Mentors that specialize in residential, commercial and business mortgages
  • Campaigns proven to work for potential leads
  • Online presence with digital marketing techniques
  • VIP access to top-tier compensation and lenders
  • A dedicated professional office space for client meetings and brainstorming sessions

FAQ

Frequently Asked Questions

Along with your other financial goals, you should make a list of what you’re looking for in a mortgage product. To start, ask yourself a few questions:

  • Does your monthly budget have room for you to increase your mortgage payment amount? (If so, review the monthly prepayment options in the terms and conditions.)
  • Do you think you will receive any bonuses or inheritances that you could put towards your mortgage? (If so, you’ll also want to look at the lump sum prepayment options.)
  • Do you think you will have the option to pay off your mortgage entirely, in this next term? (If that being the case, consider the prepayment penalties that go with fixed vs. variable rate mortgages.)
  • Do you think you will want to borrow more money from your lender during this next term? (If that is the case, you will again want to consider the prepayment penalties involved in a refinance, or look at collateral mortgages instead.)
  • Is there any chance you will be selling your home and/or moving in the next 5 years? (In that case you may need a mortgage that is portable or assumable.)

"You may as well hand your wallet over to the granter," says a buyer. If you identify that your current lender has the best mortgage features, advice and policies, ask your bank to match a competitor's lower rate.

"If you don't come right out and ask for a better rate, you won't get one," says a real estate lawyer in Toronto. He also claims that banks might be more desirous of lowering your rates if you transfer over other accounts or investments, such as an RRSP. Don't just fixate on the interest rate. The amortization period, the rate type (fixed or variable) and the flexibility of the payment schedule can be crucial to lowering your costs.

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