Tips To Follow When Renewing Your Mortgage In 2025
Want to renew your mortgage? Looking for a mortgage renewal in Abbotsford? A mortgage renewal is the act of taking your existing mortgage balance and extending it for a new term at a new mortgage rate. When your existing mortgage provider sends you a renewal note in the mail, you’ll know it’s time to renew. You can sign and return the slip, which contains a revised mortgage rate and term offer.
To ensure you receive the best mortgage offers in 2025, it’s crucial to consider the type of mortgage you want when opting for a renewal. Since more rate reductions are promised this year, it is important to understand your current mortgage scenario before signing a deal.
