Does an early mortgage renewal make sense?

The year 2020 was a very busy year for home buying and mortgages. That means this year, 2025, is and has been a busy year for mortgage renewals as the majority of clients seemed to choose five year terms in 2020.

I’ve had lots of conversations with my own, and new, clients about whether it makes sense to renew early.

Each conversation is slightly different based on client needs and their individual circumstances. Most of the time I suggest that clients stay with their current lenders until their renewal dates because their current interest rates are anywhere between 1.6 per cent and 2.79 per cent. If you don’t need to make any immediate changes it makes the most financial sense to stay put until your term runs out.

We can start the process of either switching or refinancing mortgages four........

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