In this post, the Canadian Capitalist cites a stat that suggests 30% of people simply sign the mortgage renewal form their bank sends them.

This echoes our November piece on how people generally stay with their existing lender without shopping around.

What a mistake.  It’s scary to think of the money being lost because people assume they can’t do much better elsewhere.  Do yourself a big favor.  Always get multiple quotes from a licensed mortgage broker.

Last modified: January 25, 2007