Repaying part of your mortgage ahead of schedule. Depending on your mortgage agreement, there may be a prepayment cost for pre-paying.

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The process of paying out the existing mortgage and increasing the mortgage amount on the same property under new terms and conditions. This is usually […]

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Once the original term of your mortgage expires, you have the option of renewing it with the original lender, switching it to a new lender […]

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The length of time during which you pay a specific rate on the mortgage loan (i.e., the number of years in your mortgage contract). This […]

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