Do you Renewmortgage with the same lender or a different one?
Changing lenders will require submitting new mortgage application. The new lender may bring in different terms and conditions than the one that you took first. It is advised to calculate the cost of switching that will include appraisal fees, setup fee and other administration fees. The refinancing costs may vary with different provinces but usually for mortgage discharge fee will be between $200 and $350 and $70 for re-registration. There is also the possibility of legal fee, so asking the new lender whether they will share some of the expenditures will be useful. Considering the fact that you have chosen them for refinancing they may accept it. In this regard you may need the services of Home refinancing companies Canada who are better equipped to find a loan which will offer easy terms.
https://ext-6039543.livejournal.com/1976.html