Is Your Abbotsford and Chilliwack Mortgage Up for Renewal?


When it’s time to renew your mortgage in Abbotsford and Chilliwack, simply renewing with your current lender without exploring other options could lead to missed opportunities for better deals.

Working with a mortgage broker can open doors to a range of mortgage possibilities, even if your credit history isn’t perfect. Brokers can assist in comparing various mortgage offers, potentially leading to lower interest rates, reduced fees, or more favorable terms. This might include options to make additional payments on your loan or cashing out equity for debt repayment.

At Whalen Mortgages, we provide a no-cost, no-obligation quote and assist in transferring your mortgage to a lender offering more competitive rates, at no charge. We prioritize client education, ensuring you understand all available mortgage options. Our substantial volume of business positions us to secure some of the most competitive mortgage rates in Abbotsford and Chilliwack.

It’s interesting to note that a significant number of people, around 65%, terminate their mortgage prematurely in the second year of a five-year term. For example, breaking a $500k mortgage with a major bank could result in a penalty ranging from $18k to $25k, while a penalty from a monoline lender might be considerably lower, around $3,500.

We collaborate with lenders who provide additional benefits such as coverage for appliances and air conditioning for a minimal monthly fee, along with independent life and disability insurance that remains valid regardless of lender changes. Our team at Whalen Mortgages will thoroughly explain the advantages and potential downsides of each lender, ensuring you’re well-protected and fully informed. As we work for you and not the banks, our goal is to find the best solution for your needs. For personalized assistance, feel free to contact us at 778-800-0022.


Your Abbotsford and Chilliwack Mortgage Brokers here to help you save on your Abbotsford and Chilliwack Mortgage Renewal!! 778-800-0022 call Jodi Smith at Whalen Mortgages Abbotsford and Chilliwack and her team today!!


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