Is it a good idea to renew your mortgage early? Many banks are taking advantage of today’s record low rates, and are sending tempting early renewal letters to borrowers. Locking in for lower can certainly save you a bundle – but are you losing out on even greater savings?
Your mortgage term is coming to an end which means your mortgage is up for renewal and it’s time to re-negotiate your rate (groan). Trust us when we say, look at this time as an opportunity. Here’s our steps to prepare you for your mortgage renewal, so that you’ll get through it like a pro (and hopefully with some savings in hand!).