Hi MG,
Yes basically you do factor then cancel that is.
I want to go back a step and see how much you understand of numbers. If I was tutoring you face to face this would be so much easier and quicker for both of us but I really need to work out your level. It is easy to rote learn, you obvioulsy have a good memory, but i need to be certain that you really understand each step and you are just not mimicking what i have told you. (you may not even realise that you really did not understand)
So
Please be patient with me and show me how to do these. If you can't do them say so but it would be good if you have a go as well.
Please do all the cancelling that you can and do Q2 and Q3 in a few steps so I can see how you have done them. 
$$\\1)\;\;\frac{2}{3}\times \frac{5}{7}\\\\
2)\;\; \frac{16}{12}\times \frac{15}{10} \\\\
3)\;\;6\frac{2}{5}\times 1\frac{2}{6}\\\\$$
.