Home Mortgage Care

What Is the Difference Between Mortgage Renewal and Refinancing?

What Is the Difference Between Mortgage Renewal and Refinancing

When your mortgage term is coming to an end, you have an important financial decision to make. Many homeowners assume that renewing a mortgage and refinancing are essentially the same thing, but they serve different purposes and can have very different financial consequences.A mortgage renewal generally means continuing your existing mortgage with the same lender… Continue reading What Is the Difference Between Mortgage Renewal and Refinancing?