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Customer Steam Solutions th . Customer Steam Solutions moved from Cambridge to Paris and doubled its operations!

To the left, Councillor Howes and Councillor Lukas Oakley welcome Bobcat of Brantford to their newly constructed headquarters on Oak Park Road. It was a double celebration as they recognized their 20th anniversary in business. Congratulations to all local businesses, some new, some returning and some celebrating expansion, welcome to the County of Brant!

How to negotiate a better rate when your mortgage is up for renewal

Common Cents with Jacob Gaudet

A mortgage renewal can be a challenging task, especially with interest rates on the rise Like many Canadian homeowners, you may be bracing yourself for payment shocks when it comes time to renew, but that doesn’t mean you have no control over your mortgage agreement. In this article, we provide you with valuable tips on negotiating a better rate and conditions when it’s time to renew your mortgage

Key highlights

*Research and compare mortgage conditions, especially those that lenders are less likely to disclose, such as penalty calculations.

*Get all negotiations and information shared in writing to reference later during the renewal process

*Compare mortgage rates between as many lenders as possible to guarantee you secure the lowest rate available to you.

Renewing your mortgage can be a stressful time, especially in today’s market. Jacob Gaudet from Gaudet Group Private Wealth Management provides some valuable tips for negotiating a better rate and conditions when it’s time to renew your mortgage

How to negotiate a better rate when you renew your mortgage

As the maturity date of your mortgage term approaches, it’s important to start thinking about your renewal strategy. Diving into research early is always a good idea, but what should you look for? And if you want to make changes to your mortgage terms, how should you go about it? Here are some key points to keep in mind when negotiating rates and mortgage conditions at renewal time

At mortgage renewal time, do your research and compare mortgage conditions

When it comes to their mortgage renewal, many people focus solely on the interest rate. While the rate is important, it’s equally crucial to understand the different conditions offered by lenders and brokers. Take the time to thoroughly research and compare what each option brings to the table.

“Always adopt a holistic approach to your mortgage. Understanding every part of your mortgage gives you a clearer picture of what is working for you and what isn’t

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This way, you know exactly what to ask about and, more importantly, what to ask for, as no two borrowers’ financial situations are the same,” says Samson Solomon, Mortgage Content Expert at nesto mortgages.

“Lenders don‘t always readily disclose the details, such as penalty calculations, convertibility or portability. Reviewing your mortgage contract and staying informed are your best tools to negotiate better rates and mortgage conditions “

Get mortgage negotiations in writing and ask the right questions when renewing your mortgage in Canada

Information can easily slip from our minds after a productive meeting.

To avoid this, always communicate through email This ensures that all parties can refer back to the discussion and connect the details to real-world impacts, such as monthly mortgage payments. Seeing the numbers in writing will help you understand the significance of different rates and terms.

Don’t forget to compare mortgage rates from different lenders at mortgage renewal

While renewing with your current lender may seem convenient, it’s essential to compare mortgage rates from different lenders.

To ensure you receive the best possible rates and terms, consult a mortgage broker who can provide you with a comprehensive overview of your options. Comparing rates from multiple lenders will give you more bargaining power when negotiating with lenders. Don’t hesitate to seek professional guidance to make an informed decision.

Should I lock in my best renewal mortgage rate sooner rather than later?

Ultimately, timing is going to be your biggest advantage. The sooner you start researching before your renewal, the more time you’ll have to negotiate, secure a lower rate and settle on the mortgage conditions that benefit you and your situation the most.

Get help finding the best mortgage renewal for your situation

Negotiating a better rate when you renew your mortgage requires thorough research, clear communication and professional guidance. Understanding the various conditions offered by lenders, getting negotiations in writing and comparing rates from different lenders will put you in a strong position to secure the best mortgage renewal terms possible

Remember, your mortgage renewal is an opportunity to reassess your financial situation and make adjustments that align with your current needs By being proactive and informed, you can save money and set yourself up for a successful mortgage term.

If you’re interested in exploring your mortgage renewal options, talk to your IG Consultant. They can advise you on whether this would fit in with your overall financial plan and can also connect you with an IG Mortgage Advisor, who can advise you on the best mortgage option for your circumstances

Written and published by IG Wealth Management as a general source of information only. Not intended as a solicitation to buy or sell specific investments, or to provide tax, legal or investment advice. Seek advice on your specific circumstances from an IG Wealth Management Consultant.

Jacob Gaudet is an Associate Consultant on the wealth advisory team Gaudet Group Private Wealth Management. He helps clients get more out of their money, so they can get more out of life. Jacob specializes in six key areas: Investment, Retirement, Estate, Tax, and Insurance, and Mortgage Planning. With more than 60 years of combined experience, Gaudet Group Private Wealth Management is committed to making clients’ interests their top priority. Do you have questions you’d like Jacob to Answer? Email him at jacob.gaudet@igpwm.ca.

Aries: March 21 - April 19 (Fire) –This week starts out slow for you and you get bored easily. When you get bored you tend to cause trouble, so go out and find a project You pick which area needs the most help, but it is important for you to deal with some health issues you have been ignoring for a while

Taurus: April 20 - May 20 (Earth) –

You can be very inspirational when you want to be People will seek your guidance this week With great power comes great responsibility, so be aware, not everyone in your energy field has good intentions towards you. Trust your spidey senses to weed through.

Gemini: May 21 - June 20 (Air) – You will shine this week. You know how to enter a room and make a statement. Your energy is very healing this week You will have people in work and home looking to you for answers Just because you can help does not mean you have to help It is ok to use your great energy for your just yourself sometimes

Cancer: June 21 – July 22 22 (Water)

Last week you were full of anxiety and self-doubt moments This week you are a lot more calm and confident. You will become super focused on work and getting things done, in doing so your personal relationship can suffer. You will have to make time for loved ones

Leo: July 23 - August 22 (Fire) –

You are being pulled in a lot of different directions You are dealing with work issues, love drama, and health issues You will have to pause this week and make a to-do list Take on one problem at a time Make no mistake you have caused most of these problems, but you do have people that love you and will help you out of them.

Virgo: August 23 - September 22 (Earth) – You have a very argumentative energy about you this week. You get very defensive towards co-workers and your loved ones. This frustrated reaction is rooted in exhaustion You are burnt out and need to find a way to relax Time to call in a best friend and go out and find your Zen

Libra: September 23 - October 22 (Air) - You will be spoiled with love and attention You love it But at the end of the week, you will want to be alone and just relax There is a person who has a crush on you They want to approach you, but you have put up a wall and are making yourself secluded. If you are looking for love, then time to open up to the idea.

Scorpio: October 23 - November 21 (Water) – You will finally get some recognition for all your hard work You will receive compliments and gifts. You will finish the week feeling very appreciated. If you have things you need help with, now would be the time to ask There is negative energy coming at you from someone who is jealous of your life, block it

Sagittarius: November 22 - December 21 (Fire) – You have magic around you What do you really want? This is your time to make something great happen for yourself You have to set a time out this week to have a conversation with your partner It is time to step things up or step out. Things could be so much better for you but first get things off your chest.

Capricorn: December 22 - January 19 (Earth) – You have come to some hard truths the last couple weeks. You have been super focused on work and your efforts have definitely paid off for you But it is time to put some energy towards your relationship and your family They support you completely, but they are feeling neglected

Aquarius: January 20 – February 18 (Air) – You will finally have some redemption this week. You have been holding on to some hurt energy for a while, it is time to let this go, you have to face it and let it go This makes you feel lighter and extremely unstoppable by the weekend Surround yourself with people who truly love you

Pisces: February 19 - March 20 (Water) – You are going into this week feeling relaxed and good You will make a new friend and they introduce you to a new opportunity to increase finances You have a lot of creative ideas bouncing around your head It is time to start some of these projects and show people how truly talented you are.

Horoscopes with Tina Graziano Energy Reader