Imperial Lending provide the Mortgage Renewal services
As long as there is balance carried at the end of your mortgage term you will need to renew your mortgage. It means that the mortgage has not yet reached its amortization.
Borrowers should start their researches three month before the end of mortgage term and a decision must be made at least one month prior to mortgage end term if your mortgage amortization has not yet arrived. Mortgage renewal can be problematic if you failed to make payments on time due to financial challenges or your credit rating dropped through mortgage term.
Mortgage renewal is a good opportunity to renegotiate and improve your mortgage terms that matches your financial goals the best. We offer our clients to consult with us prior to signing back the mortgage extension in order to get better rates and terms.