How Early Can You Renew Your Mortgage?
If your mortgage is coming up for renewal, you may be wondering how early you can start the process. You may also be wondering whether it makes sense to renew early, wait until your current term ends, or compare options with other lenders.
At Charlene Elliott Mortgages, we recommend starting the renewal conversation 3 to 6 months before your mortgage maturity date. This gives you enough time to review your current mortgage, compare your options and make an informed decision before you’re required to renew.
Most importantly, your mortgage renewal is an opportunity to make sure your mortgage still works for your financial situation—not simply a formality where you sign whatever your current lender sends you.
