Mortgage Renewal

[crazy_wheeler]

The wife and I have 6 months till our mortgage is up for renewal and we're starting to shop around for a Mortgage Broker in the Edmonton area. Looking for feedback or recommendations on which Broker's to look into or stay away from. We've had our mortgage with the Royal Bank since 2006 and after some great disappointment with them back in 2012 when we sold our acreage to move to where we are now I would rather not renew with them for a third time. Long story short after the paperwork was all signed the RB charged me early payout penalties which they said they would wave when the mortgage was carried over onto the new property. When we called them out on the penalties their response was "not much we can do about it now".

 

[Summitric]

Check with arff...... See who Val recomends. Heard good stuff about them

 

[TylerG]

Check with arff...... See who Val recomends. Heard good stuff about them

Val is a Mortgage Broker herself now! Give her a call! Call 780-405-9359

 

[Summitric]

Val is a Mortgage Broker herself now! Give her a call! Call 780-405-9359

kool........I did not know that

 

[S.W.A.T.]

The wife and I have 6 months till our mortgage is up for renewal and we're starting to shop around for a Mortgage Broker in the Edmonton area. Looking for feedback or recommendations on which Broker's to look into or stay away from. We've had our mortgage with the Royal Bank since 2006 and after some great disappointment with them back in 2012 when we sold our acreage to move to where we are now I would rather not renew with them for a third time. Long story short after the paperwork was all signed the RB charged me early payout penalties which they said they would wave when the mortgage was carried over onto the new property. When we called them out on the penalties their response was "not much we can do about it now".

Wheeler, pm me and I will give you the gal we use out of Calgary. If penalties are involved she can often find companies that will forgo that for the business.

 

[j335]

Doesn't matter where your broker lives, I have never met mine in person and have used him on 3 renewals.

 

[Bogger]

RBC tried that with us.... apparently there WAS something they could do about it after all.... greasy fawkers.
Also had a realtor conveniently miscalculate fees and "forget" that we had agreed upon a discount.... that got resolved as well.
We are in the process of getting private personal life/disability insurance coverage so we can drop the banks $310/month and get better insured for under $200.

The wife and I have 6 months till our mortgage is up for renewal and we're starting to shop around for a Mortgage Broker in the Edmonton area. Looking for feedback or recommendations on which Broker's to look into or stay away from. We've had our mortgage with the Royal Bank since 2006 and after some great disappointment with them back in 2012 when we sold our acreage to move to where we are now I would rather not renew with them for a third time. Long story short after the paperwork was all signed the RB charged me early payout penalties which they said they would wave when the mortgage was carried over onto the new property. When we called them out on the penalties their response was "not much we can do about it now".

 

[rzrgade]

RBC is a terrible bank , unless you have about 25mill in there at all times...
They are very hard to deal with ...
I highly recommend Servus credit union as a bank .
Or of course ,a good mortgage broker .



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[nathan#19]

Magnum Mortgage corporation in sherwood park is a place to stay far away from.

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[SwampRatt]

The wife and I have 6 months till our mortgage is up for renewal and we're starting to shop around for a Mortgage Broker in the Edmonton area. Looking for feedback or recommendations on which Broker's to look into or stay away from. We've had our mortgage with the Royal Bank since 2006 and after some great disappointment with them back in 2012 when we sold our acreage to move to where we are now I would rather not renew with them for a third time. Long story short after the paperwork was all signed the RB charged me early payout penalties which they said they would wave when the mortgage was carried over onto the new property. When we called them out on the penalties their response was "not much we can do about it now".

Thats pretty much a carbon copy of our story with rbc, a promise if we resign and then $4100 in early cancellation fees, when this is our 4th mortgage with them. Let me know who ya go with in the end, we're up for renewal in a year and will for sure be hunting for a new broker

 

[X-Treme]

If someone is looking for an AMAZING broker (she's cute too lol), let me know. She's been amazing to my whole family, and I couldn't be happier.