Is there any difference between mortgage renewal and refinance?

Is there any difference between mortgage renewal and refinance? I live in Canada.

2 Answers

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You should probably be asking this on a canadian mortgage board.

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AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
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You can refinance at any point. However, mortgage renewals happen at the time of loan maturity date.


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