{"id":9,"date":"2026-08-31T17:00:00","date_gmt":"2026-08-31T17:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/joeannsellshomes-ca\/2026\/08\/31\/renewing-late-can-limit-your-options\/"},"modified":"2026-08-31T17:00:00","modified_gmt":"2026-08-31T17:00:00","slug":"renewing-late-can-limit-your-options","status":"publish","type":"post","link":"https:\/\/www.joeannsellshomes.ca\/blog\/2026\/08\/31\/renewing-late-can-limit-your-options\/","title":{"rendered":"Renewing Late Can Limit Your Options"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/joeann-chabrol\/mortgage-renewal-options-remotion-videos-be93\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>In Canada, renewing late can shrink lender choices because approval and switching timelines may run out before homeowners can move to a better option.<br \/>\nCurrent fixed rates moved higher, with uninsured 5-yr terms near ~4% and 3-yr terms in the mid-4% range after lower levels earlier.<br \/>\nThe central bank projected roughly two thirds of borrowers renewing in 2026 could see payment increases, with avg. hikes near 20% for 5-yr fixed holders.<br \/>\nStarting several mo before renewal can secure a rate hold, support comparison shopping, and give lenders time to review income, debt, and valuation details.<br \/>\nRenewal decisions also need feature checks: prepayment flexibility, break penalties, portability, and switching costs, because rushed borrowers may choose what closes fastest, not best.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In Canada, renewing late can shrink lender choices because approval and switching timelines may run out before homeowners can move to a better option. Current fixed rates moved higher, with uninsured 5-yr terms near ~4% and 3-yr terms in the mid-4% range after lower levels earlier. The central bank projected roughly two thirds of borrowers [&hellip;]<\/p>\n","protected":false},"author":189,"featured_media":100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/posts\/9","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/users\/189"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/comments?post=9"}],"version-history":[{"count":0,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/posts\/9\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/media\/100"}],"wp:attachment":[{"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/media?parent=9"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/categories?post=9"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/tags?post=9"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}