5 Tips for Mortgage Renewal Time

Published: Sept. 10, 2021, 6:28 p.m.

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

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