Your first mortgage renewal can come with a lot of questions. Your lender sends a renewal offer with a new interest rate, but how do you know if it’s competitive?
Getting approved for a mortgage is exciting, but just because a lender is willing to lend you a certain amount doesn’t mean the payments will fit comfortably into your life.
For years, your home may have been the centre of a busy family life. Bedrooms were full, the kitchen was constantly in use and having extra space made perfect sense. Then the kids grew up and moved out.
When you bought your home, your mortgage was designed to fit your financial situation at that moment. It reflected your income, goals and lifestyle at the time. But life rarely stays the same.
