Renewals
Mortgage Renewals
Your bank’s renewal offer is just a starting point. We do better.
When your mortgage term ends, your current lender will send you a renewal notice. Statistically, over 60% of Canadians simply sign this notice and send it back. This is often a multi-thousand dollar mistake.
The Power of Shopping Around
Your bank knows that switching is a hassle, so they often offer terms that are "okay" but not the most competitive available in the market. As your broker, we shop dozens of lenders—including other big banks, credit unions, and monoline lenders—to find a solution that improves your renewal outcome.
The Strategic Switch
A client in Charlottetown was offered a renewal term that felt uncompetitive compared to current market options.
The Result
We found a specialized mortgage lender offering significantly more favorable terms for the same term. This saved them thousands in interest costs over just three years.