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.
I had an excellent experience with the Tracy Valko team. Santiago and Matt were incredibly helpful, providing clear advice and great mortgage options tailored to my needs. They made the process simple and stress-free, especially with the paperwork, which they handled smoothly and efficiently. I really appreciated their professionalism and support throughout the process. Highly recommend them if you are looking for a mortgage good rate
Read moreDiana Carreon
17 days ago
I have worked with Tracy and her team for over 10 years and would highly recommend her services. Tracy is responsive, knowledgeable, supportive and works to educate her clients. I have appreciated her personal service and guidance over the years. Thanks Tracy!
Read moreMs. Giraffezilla
19 days ago
Tracy and her team is a step above the rest! They are committed, helpful and have your best interest at heart. I should know, I have known some of them for 30 yrs.
Read moreHelga Peller
8 years 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.