Get started, no obligation.
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.
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.
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.
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.
5 Stars! Definitely would recommend! As a first-time homebuyer, I was overwhelmed by the entire process, but they made everything stress-free. From consultation to closing day, they were professional, and knowledgeable. I found it great how they continued to find me the best interest rate until the closing date on my house. I am now a proud homeowner! And can't thank them and my real estate agent enough. **Highly recommend!** 🔑✨
Read more
Ian Craig
8 months ago
Tracy and her team are a valuable asset when it comes to purchasing a home. They work day and night to make sure you get the best deal for a mortgage. Her team does not work Monday to Friday from 9 to 5. They work 24/7. Special thank you to Matthew as well. I would highly recommend using The Valko Team when looking for the best rate and making sure everything runs smoothly. Tracy is very knowledgeable and gives it to you straight.
Read more
Paul Bernardo
8 months ago
Compassionate, personable, extremely thorough and knowledgeable staff get the best bang for your buck. I've used this lending center time and time again. Thanks again for all the help!
Read more
Jess Penner
8 months 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.