Renewal Calculator – Is it worth it to Switch?
This calculator will let you know if you can save money by switching lenders at renewal.
Calculator compares your bank’s best mortgage renewal offer to applicable live rates and factors in costs to switch to reveal your potential savings in a simple dollar amount.
Calculator also determines the insurability of your mortgage, and notes a few qualification benefits which may be available to you. For some back-ground information on this, read this post.
You will need the following pieces of documentation to ensure your information is accurate:
– Your existing bank’s “Mortgage Renewal Notice” OR your latest “Annual Mortgage Statement”
– Your last assessed value (available here)
Rates are quoted “live” and are updated regularly. Rates are subject to change at any time.
Want Further Details?
Found some savings and want to discuss the next steps to switch lenders at renewal? Use the form below to submit the results of the calculator to me, and I will be in touch shortly.