Mortgage Renewal
Just curious what happens when it's time to renew the mortgage.
Our first 5 year term will be up next year sometime. Will we just get a letter in the mail to tell us our new payment? Do we get options as far as what term we want to do, variable or fixed, length, etc?
Do you have to go through qualifying again. In other words, they do another credit check, provide them with employment letters, bank account statements, etc?
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