Most people renew their mortgage once every three to five years. For many, the experience can be a stressful one. It’s fraught with negotiations, bartering, budgeting, and number crunching. While the end goal of every homeowner is to get the best possible deal, it’s often easier said than done.
Bank representatives can be shrewd negotiators. The entire mortgage renewal process leaves many homeowners feeling vulnerable and fleeced. As always, the best approach is to arm yourself with knowledge. Here are some tips and information to help you successfully renew your mortgage.