Renewals and refinancing

Make your mortgage work harder

Your renewal is an opportunity, not just a formality

Most Canadians accept their bank’s renewal offer without realizing they can shop around and negotiate better options. Whether your term is ending or you’re restructuring, I’ll help ensure you’re not leaving money on the table.

The right renewal can save you thousands of dollars

More than just signing paperwork

Mortgage renewals

Shop the full market before signing anything at renewal.

Debt consolidation

Roll high-interest debt into one manageable monthly payment.

Home equity access

Unlock the equity you have built in your home.

Payment restructuring

Adjust your mortgage to better fit your financial picture.

What most people miss at renewal time

Know before you renew or refinance

When your mortgage term ends, you can do more than simply renew, you can shop around and find better options that fit your current situation. Renewal time is a great chance to switch lenders and improve your terms.

Refinancing lets you access your home’s equity before your term ends for things like debt consolidation, renovations, or payment changes. I’ll help you understand the options, costs, and timing so you can make a confident choice.

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Frequently asked questions

Everything you need to know about renewals and refinancing.

  • Ideally, you should start exploring your options four to six months before your term ends. This gives you enough time to compare lenders, negotiate terms, and avoid being rushed into signing whatever your current lender offers without reviewing alternatives first.

  • Absolutely not. At renewal time, you are free to move your mortgage to any lender without penalty. Many people stay with their current lender out of habit, but shopping the market at renewal is one of the simplest ways to secure a better rate and save money over your next term.

  • Yes. If you have built up equity in your home, refinancing allows you to borrow against it for things like debt consolidation, home renovations, or other financial goals. The amount you can access depends on your home's current value and your remaining mortgage balance.

  • In most cases, yes. Breaking a mortgage early typically comes with a prepayment penalty, which can vary significantly depending on your lender and mortgage type. Before making any decisions, I will help you calculate whether the long-term savings outweigh the cost of breaking your current term early.

  • Renewing your mortgage means starting a new term at the end of your existing one, typically with updated rates and conditions. Refinancing means breaking your current mortgage before the term ends to access equity or restructure your payments, which may involve a prepayment penalty. I will help you weigh the costs and benefits of each based on your situation.

  • Yes, and this is one of the most valuable things a broker can do for you. Your bank's renewal offer is a starting point, not a final answer. As a broker, I have access to rates and products from multiple lenders and can often secure terms that are significantly better than what your bank puts in front of you.

Not sure if it is time to
renew or refinance?

Let's review your options together and figure out the best next step!

Book a call