What is the difference between refinancing and mortgage renewal? | MORTGAGESTOGO.CA
Unsure if you should renew your mortgage or refinance? Learn about the differences between mortgage renewal and refinancing and how to decide which is right for you.
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Unsure if you should renew your mortgage or refinance? Learn about the differences between mortgage renewal and refinancing and how to decide which is right for you.
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The fall is a great time to sell your home. With fewer people moving into the area, real estate agents have more time to focus on your property. The rush of prospective buyers who see new listings during their lunch break in the spring often evaporates in the leaves of autumn. As a result, selling your home in the fall can give you time to prep it for the market, find an agent, and list it effectively before winter comes.
The average Canadian household pays a lot in interest each year on their mortgage. But if you refinance your mortgage at a lower interest rate, you could save hundreds of dollars annually or even monthly. Just one percentage point difference can save you thousands of dollars over the life of your loan.
