Unless you have the cash to pay off your balance in your first mortgage term, you\u2019re likely part of the 36.3% of Canadian homeowners who carry a mortgage and must renew it at the end of their term.
1. Consider your financial goals
2. Start to shop around early
3. Ask for a better mortgage rate
4. Get a rate hold
5. Give yourself time to switch lenders
You can compare rates at ratehub.ca
Visit this blog: 5 mortgage renewal tips