When your Equitable Bank mortgage comes up for renewal, it is the perfect time to see if you can get a better deal. Equitable Bank is an alternative lender and their mortgages come with a higher rate. I use them as a temporary solution and always check if it's possible to save money at renewal.
Before accepting Equitable Bank's offer, we have two options.
Equitable Bank will send out a renewal letter 3 months before maturity date, sometimes sending out early renewal options 6 month in advance. It's best to get started right away. We need time to prepare and review your file.
If you got a letter stating Equitable Bank will NOT be offering a renewal of your mortgage, your situation just became an emergency. Call me at 647-870-7004 right away.