Before renewing your mortgage: Here are the main questions you will need to ask yourself before renewing your mortgage: Should I choose a short-term mortgage (for example 2 years) or a longer term? Is it better to opt for a fixed rate or a variable rate? What is my risk tolerance? Is this the best deal? What are our plans for the future in the short, medium and term? Which ones to prioritize? How can I pay off my mortgage faster? How can I save the maximum interest? What are the repayment conditions in the event of a sale before the end of the loan term? Renewal options Renewing a mortgage can be a simple administrative process where only the numerical data is recalculated based on the rate in effect at the time of the transaction or a much more complex operation; such as refinancing allowing an increase in the amount borrowed and/or the amortization period. Such options exist to allow you to carry out your projects without harming your financial health. Contact us to discuss your renewal.