Prepare Yourself for Mortgage Renewal - A Cautionary Tale
February 23rd, 2016
My daughter, Jessica, recently received her mortgage renewal papers in the mail. As the end of her first mortgage term grew near, the bank had automatically sent her paperwork for another 4 years.Jess said her proposed new mortgage rate was 5.3% for four years. I thought I'd misheard, or maybe her young eyes were deceiving her. Maybe she needed her dad's new trifocals. Surely, she must have m ...