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.
This is the second time dealing with Valko Financial and we are so glad we did. We as Seniors are very grateful, impressed, and relieved to have dealt with the Valko team who advised us and used their professional expertise to secure our new mortgage. Interceeding on our behalf to iron out any challenges during the process to ensure an excellent result. All of this was done with a friendly informative and unintimidating manner. I would definitely highly recommend you give them a call for your financial needs.
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Susan Kormylo
4 years ago
My boyfriend and I used Valko Financial to buy our first house together! We had an awesome experience with Nikki as our mortgage broker! She was prompt, friendly and very professional! She made the process very easy to understand, took her time and was attentive with any inquiries!! Nikki and the Valko team made the experience really good!
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Stephanie Moni
1 month ago
Dealing with Tracy Valko , specifically Cindy White, is always a pleasure. This team is knowledgeable and always quick to answer questions. We trust working with this team and would recommend them to anyone seeking a mortgage broker! Thank you Cindy for your help on our 2025 renewal!
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Tanya Vlahovic
1 month 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.