Mortgage Renewals

Your mortgage renewal is as important a financial decision as selecting your first one.
When negotiating your mortgage renewal you are in a stronger financial position when compared to where you were before. This is because your home equity grows over time and decreases your principal mortgage loan balance. Many consumers make the mistake of just signing their existing mortgage agent or bank’s mortgage renewal without trying to get a good deal on the new mortgage. This results in a higher rate and a mortgage package that does not cater to your individual needs.

This is your chance to see if you can negotiate a mortgage renewal at a lower mortgage interest rate and more competitive mortgage terms.

Very often mortgage renewals are one of the most neglected decisions made during the life of a mortgage. Many homeowners stay with their existing mortgage lender because they believe it is too time consuming to shop around for a better rate. Or, they simply think that the offer from their existing bank is the best deal available. This is not correct.

Renewing your mortgage is just like making a new start. You will close out your current mortgage and start out a new one at a lower interest and with a smaller principal. There couldn’t be a better time to assess your goals and needs and obtain a mortgage that will help you meet them.

We offers one of the best renewal rates in Canada, plus we’ll take the extra time to show you how you can pay off that mortgage faster.

This is all done within an 8 to 12 hour approval turnaround. That’s because most of the institutions we deal with are strictly mortgage lenders. They focus 100% of their time and effort on the mortgage market. This is very crucial when it comes to providing the service and rates that each client deserves.

The discount that clients typically receive ranges from .75% to 2.00% off bank posted rates. This is available to all clients who qualify under regular credit and income guidelines. Our clients who transfer their mortgages have the opportunity to take advantage of lender incentives such as free appraisals, free legal fees and discounts on mortgage insurance and home inspections.

We will ensure that you get the most out of your mortgage renewal. Not only will we help you to secure a better and more competitive mortgage interest rate on your mortgage renewal, but we can also help you take out equity to pay off existing debts, clear high interest credit card bills, renovate your home, and more. Using home equity for these purposes enables you to do more for less and doing so at the time of your mortgage renewal enables you to avoid mortgage pre-payment penalties and gives you more borrowing power.


We are here to help you secure the best possible mortgage renewal loan. As a mortgage broker, it is my job to get you the loan on the best terms and for lowest payments possible. Contact me today or call at 416-402-7264 for a free consultation!

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