Possible to change the lender at the time of mortgage renewal?

[Michael Rivera]

Hi,

I’m planning for my mortgage renewal. But, I have a doubt. Can I change the lender at this moment? I am using Canada mortgage direct( http://www.canadamortgagedirect.com/) and renewal is a necessity for me. My credit score is 637. Is there any issue if the credit score is less? Are there any lenders providing FHA-insured mortgages? Has anyone changed the lender at the time of renewal? Need your suggestions. I would like to hear from the experts as well about the pros and cons of doing so.

Thanks in advance