- Do you have more or less funds to put towards your mortgage?
- Can you make lump sum or additional payments over the course of the mortgage?
- Do you want the flexibility of a home equity line of credit should special purchases, renovations, or investments be coming up in the future?
Give yourself time to assess your needs. In many cases, a rate can be held up to 120 days in advance. It’s good practice to hold a rate, while you continue to research your mortgage options. There is no obligation, but it does protect you if the rates were to increase.
For more information about a mortgage renewal, please email me directly at: email@example.com