2 January 2014
Is your mortgage up for renewal in 2014?
2014 is here and for many of mortgage borrowers it’s a year of mortgage renewal. One of the most common questions among our clients is “What would happen when my mortgage term is over?”
Actually, banks earn more when they renew your mortgage loans than when they give you the initial term. Of course, it’s partially because they don’t need to pay anyone for referring you. But mainly it’s because many borrowers tend not to shop around at renewal…