Renewing your mortgage

External Author   |  

Mortgage Renewals in Pickering

When you get a mortgage with a lender, your contract is in effect for a specific period of time. This is called the mortgage term and it can range from a few months to five years or longer.

You have to renew your mortgage at the end of each term unless you pay the balance in full. You'll most likely require multiple terms to repay your mortgage in full.

Read More

Original Article Source Credits:   Government Of Canada , https://www.canada.ca/

Article Written By:   NA

Original Article Posted on:  2020-09-17

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html

BACK