Mortgage Renewal Guide – 3 Easy Steps

Does the thought of your mortgage renewal feel like a heavy weight? You aren’t alone. For many homeowners in Steinbach and Southeast Manitoba, receiving that renewal notice in the mail can feel more like a stressful deadline than an opportunity. But here is the good news: Your mortgage renewal doesn’t have to be a burden.…

What does it mean to renew your mortgage?

In Canada, the majority of people who buy property do so by taking out a mortgage, which is typically repaid over a specific period of time through a process called amortization. However, most mortgage contracts only last for a period of one to five years. Once the contract comes to an end, the homeowner is…