Found 1 blog entry tagged as Mortgage renewal rates.

Renewing your mortgage is a significant financial milestone that every homeowner encounters. It's a crucial step in managing your homeownership finances and securing the best possible terms for your mortgage. With that in mind, we're here to provide you with a comprehensive guide to mortgage renewal. So, let's dive into the world of mortgage renewal and ensure that you're well-prepared to make informed decisions regarding your mortgage.

What is a Mortgage Renewal?

A mortgage renewal is the process of entering into a new agreement with your current lender or a different one, once your existing mortgage term expires. Mortgage terms in Canada typically range from one to five years, with the most common term being five years. When your term comes to…

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