Is renewing and refinancing a mortgage the same thing?

Question by Jenna R: Is renewing and refinancing a mortgage the same thing?
I am looking for ways to pay down my mortgage faster if you have any advice that would be great. Also I would like to know if renewing and refinancing a mortgage is the same thing and is there any fees you have to pay when you do this.
What are the fees for doing this?

Best answer:

Answer by Appraiser guy
No such thing as renewing a mortgage. You can only refinance and yes you have fees to do this.

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