Mortgage Renewal Process

patru | Nov 1, 2017 | 1 posts since 2017

Hi, all

I need to renew my home mortgage immediately. I want to do it soon. I have few doubts regarding this. And I have listed it above.

1) Do I need to renew my mortgage to cover the outstanding balance that I owe on my home?

2) Will maturity date be on our mortgage contract?

3) What is a mortgage renewal slip?

4) When should I negotiate my renewed mortgage?

5) Should I negotiate with my current lender?

6) Should I negotiate with my current lender?

Do I need to take an advice from any of the mortgage brokers? I need to know more about mortgage renewal process in Canada.

Than you in advance.

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