Mortgage Renewal
Your renewal is a chance to save—not just sign.
When your mortgage comes up for renewal, it’s the perfect time to reassess—not just auto-renew. Lenders count on you signing without asking questions, but with the right strategy, you could negotiate a better rate, lower your payments, or access new features that align with your goals.
At Valko Financial, we don’t just check the box—we explore every option to ensure your renewed mortgage works harder for you. Whether you're looking to reduce debt, access equity, or simply save more each month, we’ll guide you to the smartest choice.
Let’s turn your renewal into an opportunity—not a missed one.
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.
Tahmina
6 days ago
A heartfelt thank you to Tracy Valko & the Valko Financial Team There are seasons when life shifts beneath you — and in one of those seasons, Tracy and her team became steady ground. From the first conversation, they saw me as a whole person, not just a file. Their wisdom, professionalism, and calm communication carried us through every challenge with clarity and care. Tracy’s expert guidance, paired with her incredible referral network, made selling our home — with renovations, staging, packing, and moving — an experience filled with trust and ease. Every person she connected us with was both professional and deeply kind. What could have been overwhelming became organized, supported, and even beautiful. I’m endlessly grateful for how they lightened the load and helped turn a life-changing transition into something I could move through with peace after an incredibly difficult year. I would work with Tracy, her team, and her referral network again in a heartbeat — not just for their expertise, but for the heart they bring to everything they do.
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Maddi Kolberg
6 days ago
We had an excellent experience working with Tracy Valkos team, specifically Cindy, for our first mortgage! Their team was incredibly knowledgeable and patient, taking the time to answer every single question we had along the way. As first-time buyers, we really appreciated their expertise and guidance through the entire process — it made everything feel smooth and stress-free. We’ll absolutely reach out to them again in the future and highly recommend this team to anyone looking mortgage assistance.
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Delaney Kasfah
6 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.