Mortgage Tip Tuesday: Has Your Bank Ever Reached Out to Lower Your Rate? (Yeah… Didn’t Think So.)
By Leanne Mollica, Mortgage Broker – My Mortgage Strategy, Salmon Arm BC
Banks are fantastic at many things — online tools, bill payments, branded pens we all mysteriously collect —
but proactively lowering your interest rate?
Not on the list.
Even when market rates change or your financial situation improves, banks almost never say:
“Hey! We noticed we can save you money. Want a better rate?”
Because… why would they?
If you’re quietly paying more than you need to, that’s revenue for them.
But here’s the good news:
That’s my job. And it’s one I take seriously.
As a mortgage broker, I regularly:
✔ Review your mortgage strategy
✔ Scan the market
✔ Compare lender promotions
✔ Evaluate rate shifts
✔ Identify opportunities to save
✔ Let you know when you’re overpaying
I work for you, not the lender.
Most homeowners don’t realize they could improve their mortgage — because no one tells them. Your lender certainly won’t. But I will.
Why Reviewing Your Mortgage Matters
Life changes.
Rates change.
Your financial picture evolves.
And sometimes, a simple tweak — a renewal strategy, a refinance, switching products, or restructuring debt — can save you thousands.
But you won’t know unless someone’s watching the market for you.
That’s where I come in.
When You Should Get a Second Opinio
You should absolutely reach out if:
✔ Your renewal is coming up
Never sign that first renewal letter. Lenders rarely offer their best rate upfront — they wait for you to accept it without negotiation.
✔ You’re feeling the pinch of high payments
There may be restructuring options that provide breathing room.
✔ You locked in during a rate spike
There may be strategies to optimize before your next term.
✔ You’re wondering if your mortgage still fits your goals
Life changes — your mortgage strategy should too.
✔ You’ve never had your mortgage reviewed
(You’d be shocked how many homeowners fall into this category.)
The Process Is Simple: No Cost. No Pressure. Just Clarity.
Send me a quick message.
I’ll:
- Review your current mortgage
- Compare it to market options
- Analyze your goals and timeline
- Identify savings or restructuring opportunities
- Tell you — honestly — whether you should stay where you are or consider a change
This is the part homeowners always say they wish they’d done sooner.
Bottom Line: Make Sure Your Mortgage Is Working as Hard as You Are
Your mortgage is one of your biggest financial tools — or liabilities.
Don’t let it sit untouched for years when there might be thousands of dollars in savings available.
And remember:
If your lender hasn’t called you to offer a better rate… that’s normal.
But that’s why you have me.
Ready for a Mortgage Check-In? I’ve Got You.
📲 250-300-2008
📧 leanne@mymortgagestrategy.ca
🌐 MyMortgageStrategy.ca
📍 Serving Salmon Arm, the Shuswap, the Okanagan & all of BC
Turning Home Ownership Dreams Into Reality