Renewing a mortgage with your current lender does not typically involve a full requalification process, such as a new credit check or income verification. However, a lender can still deny a renewal if your financial situation has significantly declined, or if you're switching to a new lender, which does require a full requalification.

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 Renewing a mortgage with your current lender does not typically involve a full requalification process, such as a new credit check or income verification. However, a lender can still deny a renewal if your financial situation has significantly declined, or if you're switching to a new lender, which does require a full requalification. 

Renewing with your current lender:
  • Convenience: 
    This is often the simplest and fastest option, as your lender doesn't need to re-evaluate your finances. 
  • No full requalification: 
    You usually won't need to provide updated income documents, a new credit check, or a complete debt-to-income review. 

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