Don't just sign your renewal documents from your lender, let's look at all your options. Let us handle the negotiations on your behalf.

While most Canadians spend a lot of time and effort shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals.

In fact, it's estimated that nearly 60% of borrowers simply sign and send back the initial renewal letter offered by their lender without looking around at other mortgage options. This is costing Canadians thousands of extra dollars every year. Don't ever accept the first offer from your existing lender. Without any negotiation, simply signing up for the market rate on a renewal will cost you a lot of money on your next term.

Generally, it is a good idea to start shopping for a new term between four and six months before your current mortgage term expires. Many lenders send out your renewal letter very close to the time your term expires, and this does not give you ample time to arrange for a mortgage term through a different lender.

Your mortgage is one of your biggest expenses. For this reason, it is imperative to find the best mortgage terms to lower your overall cost of borrowing. By shopping around when your mortgage is up for renewal, you can save substantial amounts of money over the life of your mortgage. Don’t be one of the 60% who simply signs their renewal letter and sends it back. Let us handle the negotiations for you.

Connect with us

The best place to start is to connect with us directly. Just because the lender you're with now was the best choice when you got your last mortgage, doesn't mean they are the best choice for your next mortgage.

Consider your options

Sorting through all the different mortgage lenders, rates, terms, and features can be overwhelming. Let us cut through the noise, we'll outline the best mortgage products upon renewal and review them with you.

We'll handle the details

When it comes time to arranging your renewal, we'll handle the negotiations for you, ensuring you get the best mortgage product that lowers your overall cost of borrowing.

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