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.
Tracy Valko and the team at Valko Financial provided exceptional customer service with professionalism and kindness. Tracy continually checked in to answer all of our questions and made the whole process go smoothly. She was very caring and thorough and went over and above to help guide us with her expertise. She always gave us good advice and was honest and direct. Her expert knowledge in this field made things easy to understand. Her positivity and the genuine care she showed us, put us at ease right from the start. I would highly recommend Valko Financial for your mortgage needs! Thank you for your exceptional service!
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Diane Schlegel
4 days ago
The team at Valko Financial is truly incredible. They have expert knowledge in this field, keep in regular contact to support you as you navigate this process, and go above and beyond with kind customer service. I feel that they built trust immediately through their expertise and genuine care. I have nothing but incredible things to say about Tracy Valko. Buying a home for the first time is a stressful experience, and she took me right under her wing to help mitigate my stress and help guide me through the mortgage process, all while keeping such a positive and uplifting attitude. She is a remarkable human being with such a commitment to her role/company. She helped me find a great rate with a solid mortgage company. Also, she was professional and efficient with the paperwork side of things. I am so grateful to have had the support and guidance from this team! I could tell that they genuinely cared about me and wanted the best for me as a first time home buyer. Working with them is a MUST! Truly, you will not regret it. Thank you thank you thank you, from the bottom of my heart. Much appreciation and warmest regards, Justine
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Justine Schlegel
12 days ago
Fantastic experience working with Valko Financial. Matthew was very helpful and kept on top of requirements with both myself and my lawyer. Thank you!
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Kelly Zinger
17 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.