Want to switch lenders at renewal? Here's what you need to know

The mortgage conditions you require may have changed since you first started your term, or you may need a more affordable rate. Before you transition to a new lender, there are a few key things to keep in mind that can help guide your decision.
There are several reasons a homeowner might choose to explore other lending options before renewing their mortgage. The conditions you require may have changed since you first started your term, or you may need a more affordable rate than what your current lender can offer.
About the author

Michelle Bates is an editor/writer in the personal finance space. Her work has also been featured in Cottage Life magazine and on CottageLife.com. In her spare time, Michelle enjoys thrifting home decor, attending live shows, and playing with her Yorkie/Shih Tzu, Freddie, at the park.