When your mortgage term is coming to an end, do not simply "early renew" with what your lender offers you. Explore your options. Things to think about when your mortgage is up for renewal: 1. Do you have any high interest credit cards or loans you would like to roll into your mortgage? 2. Can you qualify for a re-advanceable mortgage? Not sure what this is? Ask me today!3. How long are you planning on staying in your existing home? Why sign for a 5-year term when you might move in the next 2-3 years? 4. How does your existing lender calculate mortgage penalties? 5. No matter what, you have time, so don't succumb to bank pressure.At the very least, give me a shout and we can discuss what other options are out there. You might be surprised!
