Don't Just Sign On The Dotted Line!
Once you receive your mortgage renewal statement, there’s nothing easier than simply signing on for another term. But while this may make sense in a few cases, your family and financial situation probably has changed over time. I suggest together, we look for opportunities that could better meet your needs right now. Don't wait until it is too late. It is best to start the process 6 months prior to the renewal date.
If you’ve been feeling financially strapped each month making your mortgage payments, this is the best time to reduce them to a more manageable level. On the other hand, if you’re earning more, why not pay down your mortgage faster and save thousands of dollars in interest over time?