Early

Most of us have wished we had a reset button for all mortgage loans. Pressing the button would have let you choose a better mortgage lender who can offer a new interest rate and term. In real-life, a button like this does not exist. However, a mortgage renewal might grant some of these wishes. Most Canadians apply for mortgage renewal a couple of weeks before their current mortgage term. The most popular choice is for five years. However, the duration of the term can range somewhere between 1 year to 10 years. If you have not completed the full payment,…