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    HomeAnswersWhat should I do in the months before my mortgage renewal?
    Seasonal

    What should I do in the months before my mortgage renewal?

    Quick answer

    What should I do in the months before my mortgage renewal?

    Start 120–180 days early: check your credit, get competing quotes, and ask your lender for its renewal offer. Many lenders let you lock a rate up to 120 days in advance.
    1. Check your credit report for errors.
    2. Get 2–3 outside quotes — switching lenders at renewal often needs no stress test for insured mortgages.
    3. Don't auto-sign your lender's first renewal letter; it is rarely its best rate.
    4. Review your amortization — renewal is the cheapest moment to make lump-sum payments or change payment frequency.

    Use our renewal shock tool to see how a new rate changes your payment.

    Related Questions

    What should I do in the months before my mortgage renewal?

    Start 120–180 days early: check your credit, get competing quotes, and ask your lender for its renewal offer. Many lenders let you lock a rate up to 120 days in advance.

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