6 | Get Ahead of Mortgage Renewal - Josh Higgelke

Episode Overview:Your mortgage renewal is coming up—now what? In this episode, we break down everything you need to know to navigate the renewal process like a pro. Our guest, Josh from Mortgage Connections, shares expert insights on avoiding common pitfalls, securing the best rates, and making smart financial decisions when renewing your mortgage.What You’ll Learn: The Renewal Process: A step-by-step breakdown of what happens when your mortgage term ends. Common Mistakes to Avoid: Don’t fall into the trap of blindly signing your renewal offer—here’s why. When to Start Shopping for Rates: The ideal timeline to begin exploring your options. Impact of Interest Rate Changes: How market shifts can affect your renewal and what to do about it. The Role of Your Credit Score: Why your credit matters (and how to improve it before renewal). Negotiating vs. Switching Lenders: Pros and cons of staying put vs. moving to a new lender. Calgary-Specific Considerations: Local market trends and what they mean for homeowners.Key Takeaways: Start shopping for rates 4-6 months before renewal to lock in the best deal.Don’t accept your lender’s first offer without negotiating—there’s often room for improvement Interest rates fluctuate, so staying informed can save you thousands. If you have a strong credit score, you have more negotiating power. Switching lenders can be beneficial but comes with costs—know the trade-offs.Josh Higgelke - [email protected]