Mortgage Renewal vs Refinance (The Bank’s Biggest Scam)

Описание: 🚀 Free 45-min First Time Home Buyer Masterclass → https://www.growwithnav.com/freeclass

Buying a home and want to build a real plan?
📞 Book a 1-on-1 Call → https://www.growwithnav.com/book-a-call

🌱 Join My Inner-Circle → https://www.growwithnav.com/grownation

🧠 Free Weekly Insights → https://www.growwithnav.com/free-news...

HELOC VIDEO -    • They Bought a Home… Then Used It Like an A...  

💡 What This Video Covers
Most homeowners don’t know the difference between mortgage renewal and refinancing — and banks take advantage of that confusion. In this video, I break down:
✅ Renewal vs refinance explained in plain English
✅ Why banks push refinancing as a trap
✅ The 4 legitimate reasons to refinance (and when you shouldn’t)
✅ How to avoid paying thousands in unnecessary interest and fees

🏡 About Me
I’m Nav, a licensed mortgage agent (Indi Mortgage, FSRA#12403). I help first-time buyers, immigrants, and families retire mortgage-free, build a $5M net worth, and avoid the traps banks set. Every video blends storytelling, financial truth, and a clear action plan.

📈 Keywords / SEO (50+)
mortgage renewal vs refinance, mortgage refinance Canada, mortgage renewal explained, HELOC trap, amortization reset, mortgage renewal tips, refinancing pros and cons, when to refinance, Canadian mortgage traps, mortgage broker advice, how to pay off mortgage faster, mortgage renewal letter, fixed vs variable renewal, mortgage commission traps, mortgage refinancing risks, debt consolidation mortgage, B lender vs A lender, switching mortgage lenders, refinancing for rental property, refinancing after maternity leave, refinancing to consolidate debt, mortgage renewal strategy, mortgage refinancing explained, refinancing myths, mortgage renewal 2025, Canadian mortgage advice, mortgage freedom Canada, grow with nav, financial freedom mortgage, mortgage net worth strategy, refinance vs renewal Canada, refinance vs renewal explained, avoid mortgage traps, mortgage renewal hacks, mortgage refinancing hacks, refinancing explained simply, mortgage agent Canada, mortgage advice YouTube, Canadian homeownership tips, mortgage help for first time buyers, should I refinance my mortgage, mortgage refinancing explained simply, how mortgage renewal works, refinancing home loan explained, refinancing vs renewing mortgage, refinancing costs Canada, mortgage fees refinancing, mortgage renewal 101, refinance mortgage Canada 2025.

👉 If you’re serious about financial freedom, renewal keeps you simple, cheap, and on track. Refinancing is the banks’ favorite trap — unless you fall into one of the 4 rare scenarios I cover in this video.

00:00 – Why most homeowners get trapped
00:34 – Renewal vs refinance explained
01:07 – Why banks love refinancing
01:16 – Why renewals are almost always better
02:14 – Why banks and agents push refinancing
03:26 – 4 situations when refinancing makes sense
  03:30 – #1: Moving from B-lender to A-lender
  03:53 – #2: Turning your home into a rental
  04:06 – #3: Personal financial changes (maternity leave, income cut)
  04:43 – #4: Debt consolidation (last resort)
05:57 – The bottom line: renewals vs refinancing
06:29 – Final thoughts