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Mortgage RenewalWhy Choose Our Mortgage Company?

Mortgage Renewals – At Client First Mortgage Solutions, we understand the challenges homeowners face amidst fluctuating interest rates. Our dedicated team is committed to helping you navigate your Mortgage Renewal with confidence and ease. With personalized guidance and competitive rates, we prioritize your financial well-being every step of the way. Choose Client First Mortgage Solutions for a seamless Mortgage Renewal experience tailored to your needs.

Mortgage Renewals – Expect Your Payments To Go Up

As interest rates climb, mortgage payments are on the rise for borrowers renewing in 2024. According to Clay Jarvis, a mortgage expert, expect significant increases in monthly payments, especially if renewing for the first time since 2019.

Research, Shop Around, and Negotiate

Mortgage Renewals – Don’t settle for the first offer. At Client First Mortgage Solutions we will negotiate on your behalf. We will consider all options to secure you the best deal.

Reconsider Re-Amortizing

While extending your amortization period may seem appealing for lower monthly payments, it comes with risks. Carefully weigh the long-term implications, including higher total interest costs and potential impact on retirement plans.

Don’t Pick A Mortgage Term Assuming Rate Cuts Will Happen

Variable Rates may seem tempting, but the uncertainty of rate cuts may make Fixed Rates a safer choice for you. Talk to you mortgage advisor to evaluate your risk tolerance and borrowing capacity to determine the best mortgage type for your situation.

Mortgage Renewals – Be Proactive

Start early and be proactive in your Mortgage Renewal Process. Don’t wait until the last minute to explore your options. By acting swiftly and talking to your mortgage advisor, you will be able to make a well-informed decisions that align with your financial goals.

Renewing your mortgage in 2024, doesn’t have to be daunting. With the right strategies and expert advice, you can navigate the process confidently and secure the best possible outcome. Trust Client First Mortgage Solutions to guide you through this journey with professionalism and care.

Original Article – Laura Hanrahan – February 22, 2024

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