In a Manulife survey in 2011, almost 2 out of 3 respondents failed to compare mortgage products and rates from various lenders when their mortgage came up for renewal.  Not knowing what your options are could cost you thousands if not tens of thousands of dollars in extra interest and fees.

Here are some things you should know about mortgage renewals...

Interest Rate Differential - The hidden cost of low interest rates.

Whatever happened to 3 months interest penalties?

We all know that interest rates are still at record lows, but how do you take advantage if you are currently in a fixed rate mortgage contract?  I'm sure you have heard horror stories of people being charged ten thousand dollars in penalties to break their mortgage contract - even as high...

Did you know that: 

- banks renew approximately 90% of the mortgages they hold?  
-that the majority of those are renewed at posted rates?

When you stop to think about what the difference is between a posted rate and a discounted rate, it can be shocking...