In 2004, 14 per cent of homeowners switched lenders when renewing their mortgage. (remonline.com)
Additionally, loan consolidation might lead to the loss of some borrower benefits, such as interest rate discounts, principal rebates, or loan cancellation benefits as a result of switching lenders. (credible.com)
Flexible coverage: Because your insurance is not tied to your mortgage, you have the ability to move to a new property or switch lenders during the term. (ratesupermarket.ca)