A Mortgage Renewal in Alberta is the process of renegotiating the terms of your existing mortgage at the end of its term.
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What is a mortgage renewal?
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When should I start thinking about renewing my mortgage?
It's wise to start considering options 4-6 months before your current mortgage term ends.
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What are the benefits of shopping around for a mortgage renewal?
Shopping around can help you secure a lower interest rate and better terms, significantly impacting your financial health.
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Can I switch lenders during a mortgage renewal?
Yes, you can switch lenders if you find better rates and terms elsewhere.