Switch-Renewal

Sometimes, Change is Good.

There are times when it makes clear financial sense to move your mortgage to a new lender — often for a better rate, but not always. Even mid-term, when penalties apply, the math can still work in your favour.

Many lenders offer switch incentives, covering some or all of the costs to transfer your mortgage over to them. Our job is to run the numbers in black and white and show you whether there are thousands of dollars in savings worth acting on.

Note: If you’re looking to access additional home equity or extend your amortization, that’s considered a refinance, which we can also structure for you.

If this is your first time connecting with us, welcome. For our existing clients, we actively monitor the rate environment and reach out when we see meaningful savings opportunities. Think of it as Rate Insurance — an ongoing advantage of working with us that no single bank can truly replicate.

Renewals

Is your mortgage coming up for renewal? That’s often one of the best times to improve your rate, restructure your mortgage, or both – typically without any penalty, as long as changes take place on the renewal date.

If your mortgage is in good standing, your current lender will send renewal offers in the weeks leading up to maturity. They may mail, call, or email you with “convenient” options.

The most important rule: Do not accept any renewal offer until you’ve explored your options with us.

Ideally, get in touch at least six weeks before your renewal date. That gives us time to:
• Review your lender’s offer
• Shop the market and see if it can be beaten
• Confirm that you qualify
• Consider whether your mortgage should be optimized differently – not just renewed as-is

Once you become a client, renewal reviews are built into our relationship with you. Going forward, you won’t need to scramble or wonder if you’re missing out — we’ll be there to guide your decision each time.

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