Renewing your mortgage with your current lender can be quicker and easier than applying for a new mortgage with a different lender, as the lender will already have your financial and personal information on file. If you have a good payment history with your current lender and you are in good standing, the lender may be willing to offer you a renewal with favorable terms and rates without the need for a full underwriting process. Also, if you have a good relationship with your lender, they may be more willing to work with you to find a solution that meets your needs. However, just because it's easier and quicker to renew with your current lender, it doesn't mean it's always the best option. It's always a good idea to shop around and compare rates and terms from multiple lenders to ensure that you are getting the best deal possible. ----- Reach out to us today! We’re here to help maximize your financial goals and mortgage needs. P: (647) 533-7133 E: [email protected] #mortgage #mortgagerenewal #mortgagetips #mortgageswitch #mortgagerates #pegasusmortgages (at Markham, Ontario) https://www.instagram.com/p/CpWUFuSOn1v/?igshid=NGJjMDIxMWI=