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.
We have been working with Cindy at Valko Financial for several years and just purchased our forever home using her guidance and advice. We are so happy with our services we have sent our son to her too. She is kind, patient and gets the best rates for what we need. I highly recommend Valko Financial and will continue to be a customer for my mortgage needs!
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Melissa L
2 days ago
Tracy's team really made the process of finding the right mortgage for me smooth and easy. I highly recommend them!
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ray whit
5 days ago
Tracy and her team were so helpful, kind and supportive! As the proud owners of a small Canadian manufacturing business, we honestly didn’t think we would qualify for a mortgage and had just expected to rent. But when we were introduced to Tracy, a whole new world of possibilities opened up. Tracy and her team helped us purchase both a new home, and space for our business! It’s game changing. Work with them. You won’t be disappointed.
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Rob Bourbeau
7 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.