MORTGAGE RENEWAL
HOW TO TAKE ADVANTAGE
If your existing mortgage is about to come to term, it's time to start
thinking about what you want to do with your mortgage going forward.
Many homeowners see mortgage renewals as an after thought, renewal
time for your mortgage can be an opportunity to save yourself money
both short term and long term over the life of your mortgage.
Some things to consider before renewing your mortgage may be.
Do I need more money?
Are there any debts I can consolidate in my mortgage?
Can I foresee any life changes in the future?
How long should my next mortgage term be?
How many years should my amortization be at?
It's important to remember the decisions you made on your existing mortgage would have been based on the situation you were in at the time of purchase, the decisions you make today should be reflective on your current financial and living situations.