Mortgage Renewal Guides

Many Canadian homeowners are surprised when they receive a mortgage renewal offer and see a higher payment than expected. Your mortgage payment can increase at renewal for several reasons. The most common reason is a higher interest rate, but it is not the only factor. Your remaining balance, amortization period, payment frequency, and renewal choices … Read more

When you get a mortgage in Canada, your mortgage contract is usually set for a specific term. At the end of that term, if you have not paid off the mortgage in full, you will usually need to renew it. Mortgage renewal is an important financial checkpoint. It gives you a chance to review your … Read more