
Money
Renewing Your Mortgage? Avoid This Costly Mistake
Many Canadians make a costly mistake at mortgage renewal by accepting the first offer from their lender. Experts recommend comparing rates, securing a rate hold, getting written quotes, and negotiating using competing offers. Homeowners should also avoid early-renewal traps and understand switching costs before signing. Even a small difference in mortgage rates can add up to thousands of dollars in extra interest over the next mortgage term.










