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Mortgage Renewal

By Cindy Janisch

In Canada, mortgages have terms, usually 6 months to 10 years. A term is the amount of time your mortgage rate will be in effect for. When your mortgage term ends, you will either have to pay off your mortgage in full or renew it for another term. Renewal time presents an excellent opportunity to reassess what you need in a mortgage and to look for mortgage options that better fit your financing needs todayIn Canada, mortgages have terms, usually 6 months to 10 years. A term is the amount of time your mortgage rate will be in effect for. When your mortgage term ends, you will either have to pay off your mortgage in full or renew it for another term. Renewal time presents an excellent opportunity to reassess what you need in a mortgage and to look for mortgage options that better fit your financing needs todayMortgage Renewals Edmonton

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©2017 Cindy Janisch, Mortgage Associate