Fixed mortgage early renewal
Apologies if this is being asked often or a stupid question but I can’t seem to find the right answer
I’m with RBC and they offer 6-month early renewal for fixed mortgage. Does it mean 6 months prior to my 2-year fixed rate, I can start using the new rate? Or it just means I can lock in a new rate 6 months prior, and I can only use the new rate when the two years term is done?
Asking this becoz we got the 2 years fixed by end of 2023 and now rates are lower, seeing if we can take advantage of the lower rate earlier instead all the way to 2025 end
Posted Mar 16, 2025, 1:15 AM UTC
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