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How to Save Thousands on Your Mortgage Renewal: Essential Tips for Canadians
Discover how Canadians can save thousands of dollars on their mortgage renewals by negotiating better rates. A recent survey by Mortgage Professionals Canada reveals that many borrowers accept initial renewal rates without negotiation, missing out on significant savings. Learn why it’s crucial to shop around, talk to brokers, and negotiate effectively to secure the best rates. This video provides actionable advice for mortgage holders on how to potentially save thousands over their mortgage term.
00:00 Introduction: The Cost of Not Negotiating Mortgage Renewals
00:06 The Impact of Accepting Initial Renewal Rates
00:36 Significant Savings Through Lower Rates
01:55 Why Borrowers Don't Negotiate
03:01 Tips for Getting the Best Renewal Rate
04:24 The Role of Mortgage Brokers
05:25 Final Thoughts and Contact Information
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