This is when the term of your mortgage finishes. Something most people don’t understand is your current lender may not always offer you the best discounted interest rate. So when you receive your mortgage renewal notice you shouldn’t just sign, but seek outside advice to see if another lender is offering a more competitive rate than what your current lender is offering you.
Is your mortgage coming up for renewal? Get in touch with me and we can find you the best discounted interest rates.