Renewing Your Mortgage
When you bought your home, you probably signed a mortgage agreement that will remain in effect for a certain period of time, called the term. When your mortgage term comes to an end, you will have to either pay off your mortgage or renew it for another term. This is a good opportunity to reassess what you need in a mortgage and re-evaluate your options such as an open or closed term and your prepayment options.
All about the renewal process
- What to expect from your lender
- When to start shopping around
- Financing with another lender
- Dealing with a mortgage broker
Related Resources
- Mortgage Qualifier Tool
Find out if you qualify for a mortgage for the property you want. - Mortgage Calculator Tool
Look at your payment options to see when you can be mortgage-free. - Budget Calculator
Plan your budget to help achieve your financial goals.
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