Getting approval for a mortgage term extension isn’t necessarily tough, but it hinges on your personal situation.
Lenders will reassess your finances—income, expenses, and credit score.
If your finances are solid and your repayment history is good, extending your term can be straightforward.
But age, job changes, or a lower credit score can complicate things.
It’s often simpler to extend your term with your current lender. However, a mortgage broker can help you explore better deals.