Your lender will soon be sending you a renewal form offering to extend your mortgage for another term. Most borrowers simply sign the form and send it back.
Resist the urge!
Your mortgage renewal is an opportunity to review your financial needs, to consider:
paying off high-interest credit cards or loans
financing a vacation
buying a vacation property or investment property
using your equity to build a retirement fund
or, simply transferring your mortgage to another lender to get a better rate and better terms
Call one of our Specialists. We will explain your options and help you to get the best rate on the mortgage that best fits your needs and plans.