At The Calum Ross Team, we keep our clients informed as to when your mortgage is coming up for renewal.  As the time approaches, there are several things to keep in mind in order to make the transition as smooth as possible: whether you return to the same lender, or put your mortgage on the open market for other lenders to compete for it.

We believe that going in prepared and informed will not only make sure the process goes as smoothly as possible, but will enable you can take advantage of any potential "upsides" that might have come available in the market-place since you last secured a mortgage.  

The following set of links will take you to different areas in CalumRoss.com that relate to switches and renewals. They are worth taking a look at before you need to refinance or switch.

For a summary about renewing and switching, click here.

For a list of the documents that you will need to assemble, click here.

For a list of different mortgage products you may want to consider, click here.

If you are not currently a client and are up for renewal at another instution but would like to see what else you can get, please click on "Apply Online" from the menu at the left to complete a no-obligation mortgage application.

If you have any questions, please do not hesitate to contact us!

The Calum Ross Team

For most people, purchasing a new home is an exciting experience. However, there is more to the process of purchasing a home than may seem apparent at first glance. An ongoing concern for many home-buyers is the financing process and understanding that there are many different variables that should be considered when trying to get the right mortgage for you.

This link to the Mortgage Process – tells you a bit about the players in the home buying process.

Once you have reviewed that, you may want to look at the various types of mortgages that are available to you and what you may want to consider when making your decision.

Equity Take Out is when you decide to "take money out" of your property to use for other purposes. You may have a mortgage already, in which case you will be increasing the principle value of your mortgage. Or you may have no mortgage at all, in which case you are borrowing against your property and creating an Equity Take Out mortgage.