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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 had the pleasure of meeting with Tracy Valko when my son became interested in purchasing a home. Tracy is truly a gem in this very exciting and somewhat challenging times of Real Estate. Tracy offered her extensive knowledge regarding mortgage lending. Tracy continues to share her plethora of referrals to various companies contacts to help us with all of the services we need in or outside of mortgage lending. We will keep in touch with Tracy as she is reliable, approachable and an outstanding achiever! Glad to have met you Tracy!
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Cosmou19
2 days ago
So impressed with the fantastic service I received from Cindy on the purchase of my home and sale of my condo. She went above and beyond to make this process painless and gave some great advice along the way. Edited to add: yet again, 5 years later, Cindy has been nothing short of incredible to work with. She went above and beyond to work with our unique situation and find solutions that fit our family.
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Sarah Parton
5 years ago
Signal Views TM
4 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.