Christopher Liew: Mortgage renewal deadlines and traps to know before you sign - BNN Bloomberg
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Article Excerpt
Christopher Liew is a CFP®, CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers at Blueprint Financial.
If your mortgage renews this year, a letter will eventually show up from your lender with a new rate and a signature line. Plenty of people sign it within days and move on. It’s easy, and that’s the problem: that signature locks in one of the biggest bills in your life for years.
Most renewal advice focuses on rates. Fair enough. But the process itself, the timelines, the paperwork, and the fine print, is where people quie…
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