In today's competitive mortgage market, discounts of 1/4%, 1/2% or even 1% are not unheard of. Most consumers are aware of this, however, when the time comes to renew their mortgage, most renew at whatever rate their existing institution offers them, without shopping the market to see whether or not they are getting a good deal. At Park Capital, we give you our best rate right up front without any haggling. We can also protect your rate for up to 4 months prior to your mortgage coming due for renewal. Many people think that if they transfer their mortgage to a new lender, they have to pay fees, penalties and other costs. This is absolutely NOT TRUE!! You can transfer your existing mortgage at renewal at no cost! NO appraisal fees, NO CMHC/GE fees, NO legal fees and of course - NO mortgage brokerage fees!! The most important thing to remember is not to wait for your renewal statement from your existing lender. By that time, it is usually close to renewal time and you have lost valuable time to inform yourself of current market conditions and may end up renewing at a HIGHER interest rate than necessary. That is exactly what your lender wants. Remember, Park Capital can protect your rate for up to 4 months prior to your mortgage renewal date. Please note, the minimum mortgage amount for all transfers is $50,000.00. Please contact us or call us at (519) 824-9900 for further information on transferring your mortgage.