A mortgage renewal provides an opportunity to renegotiate the terms of your mortgage contract, including the length of the next term, and the mortgage interest rate. Unfortunately, as there is a slew of renewal options, you may be confused and overwhelmed while trying to pick the best option. To ensure you get the best deal and steer clear of the many common pitfalls that are lined along the mortgage renewal process, Mortgage Alliance Greater Golden Horseshoe has put together a list of the most common mistakes people make when renewing their mortgage.

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