Renew Your Mortgage & Save
When it’s time to renew your mortgage, are you sure you’re getting the best interest rate possible?
Come to Mortgage Connection first, where we’ll give you all the information you need to evaluate your options and make an informed decision. Our mortgage brokers are here to couple the best interest rates with the right mortgage products for you.
Contact us today to learn more about how we can help you with your mortgage renewal.
Your Mortgage Experts
At Mortgage Connection, we understand that the mortgage renewal process can be complicated.
Our team is here to help you find the best mortgage renewal options for your unique financial goals and needs. With our experience and knowledge, we are committed to finding you a perfect mortgage fit.
The Mortgage Renewal Process
We’re committed to helping you find the best mortgage solutions possible so you can enjoy more financial freedom.
If you have any questions about the renewal process or would like to get started on renewing your mortgage, please don’t hesitate to contact us today.
Contact us roughly 120 days before your current mortgage maturity date. We would be happy to discuss mortgage renewal with you. We’ll look at the rate you’re getting from your current lender and compare it to the potential options you could get from other lenders.
We’ll take you through the application, help select the best lender and mortgage product, and gather all the necessary paperwork. We may also have your home appraised to determine its current value.
Once you’ve been approved, the new lender pays for a title company to meet with you, check your ID, and sign new mortgage documents. The title company will pay off your old mortgage and register the new one. Since you’re up for renewal, the new lender will cover the registration fee for you.
Mortgage Renewal FAQs
It’s best to start reviewing your mortgage renewal options several months before your current mortgage term expires. Starting early gives you time to compare rates, explore different mortgage products, and make an informed decision without feeling rushed.
No. You are not required to renew with your current lender. A mortgage renewal is an opportunity to review your options and compare offers from multiple lenders. Working with a mortgage broker can help you find competitive rates and a mortgage solution that better fits your current financial goals.
Possibly. Your current lender’s renewal offer may not be the most competitive option available. Mortgage brokers compare mortgage products from a wide network of lenders to help you find competitive rates and terms that match your needs.
Yes. A mortgage renewal is a great time to review your mortgage structure and make changes that better suit your needs. You may be able to adjust your payment schedule, change your mortgage term, switch from a variable to fixed rate (or vice versa), or explore refinancing options.
The documents required depend on your situation and whether you are simply renewing or making changes to your mortgage. Common documents may include proof of income, identification, mortgage details, and information about your financial goals or any changes since your original mortgage approval.
Yes. Your renewal date can be an ideal time to consider refinancing. You may be able to access home equity, consolidate debt, fund renovations, or adjust your mortgage to better align with your financial goals.
Why Choose Us?
Savings
A few percentage points can mean a lot of money over the years. We’re here to help you find the lowest interest rate and best product possible.
Experience
We’ve helped thousands of Canadians renew their mortgages, and at this point, we’ve seen it all. We know what works, what doesn’t, and what choice is right for you. We can help you make the decision that benefits you most.
Excellence
We’re on your team. Period.
At Mortgage Connection, our mortgage brokers are your trusted advisor and point of contact for anything that comes up—and we’re more than ready to provide you with an excellent experience.
Unlock Financial Freedom
Start saving money on your mortgage and contact Mortgage Connection today!
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Contact Us
Calgary Office
Edmonton Office
Residential
National Headquarters:
- #200, 1055 20 AVE NW
- Calgary, AB T2M 1E7
Ontario Office:
- 1765 Rosslyn Road
- Thunder Bay, Ontario P7K 1J3
FSRA Brokerage License #13097
British Columbia Office:
- 1096 Quatsino Drive
- North Saanich, BC V8L 5R8
BCFSA #13097
Saskatchewan Office:
- 2306 Arlington Ave
- Saskatoon, SK S7J 3L3
Edmonton Office:
- 4432 Calgary Trl NW #206
- Edmonton, AB T6H 5W6