Hello Buford, if your lender has told you that they are not renewing your mortgage at the end of the term they must give you a good reason for this. Renewals are processed without credit checks and do not usually require approval from the credit granting departments. Do you recall any problems with repayment of the mortgage? If so they may decide that a renewal is not in their best interests. If the mortgage is not currently past due I don`t see why they wouldn`t allow you to renew but then again they do hold the purse strings. It may be time Buford to examine your options with other lenders. Depending on your current financial situation you should be able to qualify for a mortgage and even see a better rate than what your lender would offer you. Banks are hungry for new business and any missed mortgage payment will not show up on your credit bureau. I would love to discuss with you your options, be honest and let me know what you think happened with your lender. There are programs out there for many different financial situations and if you are not getting a renewal on your existing mortgage that means you have to pay the remaining balance back which in most cases means selling the house. I hope that is not the case. Give me a call anytime and I will give you my thoughts on your situation. Abraham Niyazi - Mortgage Agent - Lic#M08010640 - Centum One FInancial Corp - Lic 10758. Cell: 416-993-4082 Toll Free: 1-866-728-3708 http://www.centum.ca/abraham_niyazi/ I deal with 25 Banks/Lenders and can do mortgages across Canada except Quebec.

ON Canada - the banks have just called in your mortgage as due and you need to pay it. Normally, they give you a grace period to secure another mortgage with another lender to pay off the original mortgage. Why would they not renew your mortgage? email me at victor_catalan@centum.ca and we can see what we can do for you.

Normally you would have a 5-year fixed mortgage meaning you will renew in 5 years. Check your mortgage statement as it shows when it will be due for renewal. 3 months before the renewal you can start looking and check if there are other lenders who would give you a better rate or mortgage package.