Before you renew your mortgage it is important to review where you’re at, where you want to go and what is best for you. That involves doing a little homework before you sign for your mortgage, but it can save you thousands of dollars in the long run.
One of the biggest errors many people make when it comes time to remortgage is not asking for better rate. Just because you have a mortgage, it doesn’t mean you have to remain with your current lender when it is time to renew. There could be other options that are much better for you and rate is only one thing to consider.