Worried about being denied a mortgage renewal? Read this article to learn about reasons why your mortgage renewal could be denied & what to do about it.
Being denied a mortgage renewal is possible and there are many reasons why this may happen. If you have been late to make a payment, or are not in good standing with your lender, it is possible that they will not want to renew.
Many banks will often auto renew your mortgage if you are in good standing and have made all required payments on time. Even private lenders will often auto renew your mortgage. Private lenders will often charge a renewal fee, but this is up to the discretion of the lender.
If you are worried that your lender isn’t going to renew your mortgage, contact a representative at Tembo Financial. This may be a fast and easy solution to finding a lender to renew your mortgage!