Understanding Mortgage Renewal:
– End of mortgage term requires renewal
– Renewal happens every 5-yr, typical term
Process:
– Lender sends renewal offer nearing term
– Review offer, explore alternative options
Understanding Mortgage Renewal:
– End of mortgage term requires renewal
– Renewal happens every 5-yr, typical term
Process:
– Lender sends renewal offer nearing term
– Review offer, explore alternative options
