{"id":483871,"date":"2026-06-18T15:49:07","date_gmt":"2026-06-18T15:49:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/483871\/"},"modified":"2026-06-18T15:49:07","modified_gmt":"2026-06-18T15:49:07","slug":"refinancing-at-renewal-is-harder-than-many-canadians-expect","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/483871\/","title":{"rendered":"Refinancing at renewal is harder than many Canadians expect"},"content":{"rendered":"<p>Second, consumer debt accumulated after purchase, such as credit card balances, narrows borrowing capacity by the time renewal arrives.<\/p>\n<p>Third, income changes \u2014 parental leave, a move to self-employment, reduced hours, or retirement \u2014 can affect whether a borrower qualifies at all.<\/p>\n<p>Read more:\u00a0<a href=\"https:\/\/www.mpamag.com\/ca\/specialty\/alternative-lending\/heres-how-homeowners-are-coping-with-mortgage-renewals-in-a-choppy-economy\/565311\" rel=\"nofollow noopener\" target=\"_blank\">Here&#8217;s how homeowners are coping with mortgage renewals in a choppy economy<\/a><\/p>\n<p>Fourth, switching lenders is not automatic: homeowners who need to increase their mortgage amount or change their amortization must still meet current lender qualification requirements.<\/p>\n<p>Fifth, planning too late is itself a risk\u00a0because income, debt levels, and home values can all shift well before renewal, understanding borrowing limits early is critical.<\/p>\n","protected":false},"excerpt":{"rendered":"Second, consumer debt accumulated after purchase, such as credit card balances, narrows borrowing capacity by the time renewal&hellip;\n","protected":false},"author":2,"featured_media":483872,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[242975,138,219,242976,111,139,69,126758],"class_list":["post-483871","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bank-of-canada-boc","tag-business","tag-economy","tag-mortgage-renewals","tag-new-zealand","tag-newzealand","tag-nz","tag-refinancing"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/483871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=483871"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/483871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/483872"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=483871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=483871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=483871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}