The auto-renewal is priced for convenience, not for you
Lenders count on renewal letters getting signed without a second look. The rate on that letter is rarely their most competitive one.
Janet Hong Mortgages
Renewing soon?
Before you sign your renewal letter, get a second set of numbers
Your current lender sends one offer and hopes you sign it. Janet shops your renewal across multiple lenders first, so you know if it is actually the best rate available to you.
No cost to talk · Multiple lenders compared · Newfoundland and Labrador
Janet Hong Mortgage Broker
Your mortgage renewal notice
Bring it just as your lender sent it. That is all Janet needs to start.
Janet Hong arranges mortgages as a broker with First Rate Mortgage NL, Lic. #JH342-1, serving St. John's and the rest of Newfoundland and Labrador.
Most people call after the renewal letter arrives, unsure whether a second look is even worth it. Usually it is. When it is not, Janet says so.
She pulls what other lenders would offer on your numbers and reads the fine print beside the letter, so you decide on a comparison rather than a single offer.
Your bank is not shopping the market for you
A renewal letter from your current lender is a starting offer, not a market rate. Here is what changes when Janet handles it instead.
Switching lenders at renewal is usually free
Most renewals let you move to a new lender at the end of your term with no penalty. Janet checks whether that saves you money before you commit.
A short call now can hold a rate for months
A pre-approval commonly holds a rate for up to 120 days, so you can lock in ahead of your actual renewal date instead of scrambling at the deadline.
Thirty minutes, and nothing to prepare
Here is how the call with Janet usually goes.
Janet Hong You send
Your renewal letter, exactly as it arrived. Janet reads the offer, the term and the fine print before you talk.
You talk
What the next few years look like: staying put, moving, renovating, or folding in other balances.
You decide
Janet sends the comparison in writing so you can read it on your own time. Nobody chases you for an answer.
What we offer
- Mortgage Renewals
- First Time Home Buyers
- Mortgage Refinancing
- Investment Properties
- Self-Employed Mortgages
- Home Equity Line of Credit
- Debt Consolidation
Facebook review
“Top rate mortgage broker. Janet goes above & beyond. I highly recommend. I have known Janet for many years & always have 100% trust in her.”
Frequently asked questions
How early should I start my renewal?
Most lenders send a renewal letter 90-120 days out. That is exactly when a held rate is most useful, so reaching out as soon as you get the letter gives Janet the most room to shop it.
Does switching lenders at renewal cost anything?
Usually not, since a renewal is not a break of your existing term. Janet confirms the specifics of your mortgage before recommending a move.
What if my rate has already renewed?
It is still worth a call. Depending on your mortgage, a switch may still be available with little or no cost.
Renewing soon?
Reserve your spot, then pick a time
Leave your details and we'll hold your spot, then you go straight to the booking page to pick a time that suits you.
- No cost to talk
- Multiple lenders compared
- Newfoundland and Labrador
You'll be speaking with Janet Prefer to talk? Call 709-763-1844.