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cdizzle_996 · 04-14-2015, 05:12 AM

Hey guys my condo is coming up for renewal on June 1 and im looking for options.

- My place is currently listed for sale.

- Im not buying a place for 2 years once my place sells.

If I dont sell by June 1, I have to renew, but dont want to lock in for 1-5 years obviously.

- How does an open mortgage work? Is there a penalty?

04-14-2015, 05:12 AM	#1
cdizzle_996 I contribute to threads in the offtopic forum Join Date: Aug 2006 Location: Abbotsford Posts: 2,825 Thanked 1,538 Times in 495 Posts Failed 73 Times in 28 Posts	Renewing Mortgage Options Hey guys my condo is coming up for renewal on June 1 and im looking for options. - My place is currently listed for sale. - Im not buying a place for 2 years once my place sells. If I dont sell by June 1, I have to renew, but dont want to lock in for 1-5 years obviously. - How does an open mortgage work? Is there a penalty?