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Mortgage Renewal Coming Up? Don’t Sign Yet.
Most renewal offers favour the lender, not you. Before you renew, we help you review your options, negotiate better terms, and avoid costly mistakes.
Renewing in the next 120 days?
Answer a few simple questions and get a personalized game plan with clear next steps tailored to your unique situation — completely free.
Why You Shouldn’t Auto-Renew
- Your bank’s renewal offer is not a negotiation
- A lower rate can still cost more with the wrong terms
- Many homeowners qualify for better options than they realize
Our Renewal Review Process
- Review your current mortgage
We look at your rate, balance, renewal date, and lender terms. - Compare real renewal options
We shop multiple lenders, not just your bank. - Help you choose the right strategy
Rate, flexibility, penalties, and future plans all matter.
Can I switch lenders at renewal without penalty?
Yes—you can switch lenders at renewal without paying a penalty. When your mortgage term ends, you're free to explore other options and move to a new lender if it means getting a better rate, improved features, or a product that better fits your current needs.
However, while there’s no prepayment penalty, there may be some minor administrative costs (like discharge or legal fees), which are often offset by the savings you gain with a more competitive offer.
How far in advance should I start my renewal?
You can typically start the renewal process as early as 120 days (4 months) before your current mortgage term ends—and we highly recommend you do.
Getting a head start gives you time to shop around, lock in a rate early, and explore options that better suit your financial goals. It also puts you in a stronger position to negotiate with your current lender or switch to a better offer without feeling rushed.
Can I access my home equity during renewal?
Yes, your mortgage renewal is a great time to access your home equity—without paying a penalty. If you’ve built up equity in your home, you may be able to use it to fund renovations, investments, debt consolidation, or other major expenses.
Because you’re not breaking your mortgage early, you can often make changes—like increasing your mortgage amount or switching to a different product—with minimal costs and greater flexibility.
"I am extremely grateful for all the help and support I received from my mortgage broker (Tracy Valko and her team) She was professional, responsive.She took the time to explain everything clearly, answered all my questions, and worked hard to find the best mortgage option for me. Her expertise helped me secure a great mortgage and save money. Beyond her professionalism, she is a very kind and caring person who made the entire experience much easier. I would not hesitate to recommend her to family and friends."
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REEM THAHER
13 days ago
Tracy and her team were recommended by our family members and what a great recommendation that was! As a first time home buyer, I was feeling overwhelmed. Tracy made this experience much more approachable - she was ready to listen to any questions we had and had responses/explanations that were thorough and easy to understand as someone who is unfamiliar with this world. Our realtor was also impressed with how quick and easy it was to work with this team. Can't recommend them enough!
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Mara Thorsteinson
16 days ago
Working with Tracy was an outstanding experience from start to finish. She took the time to understand my situation, patiently answered my questions, and was always available whenever I needed guidance or clarification throughout the process. What impressed me most was Tracy's expertise as a mortgage broker. Her deep knowledge of the mortgage market helped me confidently navigate my options and choose the mortgage terms that were best for my situation. She explained everything clearly, offered thoughtful advice, and made what could have been an overwhelming process feel straightforward and manageable. On top of all of that, Tracy has a wonderful disposition – she is a genuinely positive person, who is just a pleasure to deal with. When I found my home, Tracy was excited for me, and her enthusiasm made the experience even more special. I'd also like to recognize her team member, Cindy, who was wonderful. She was friendly, responsive and organized, ensuring the administrative steps proceeded smoothly. I am truly grateful for the support, expertise, and care that Tracy and her team provided. I highly recommend her to anyone looking for a mortgage specialist that combines exceptional knowledge with a genuine commitment to client success. Thank you Tracy!
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Erin M
16 days ago
Don’t Just Sign — Strategize.
Let us guide you through a smarter, more profitable renewal. We’ll review your options, negotiate on your behalf, and set you up for long-term success.