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End of Term

Renewing your mortgage isn't just a routine step

It starts with discovery, preparation, strategy, and execution.

Your journey starts here
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What Your Options Might Look Like

See how your renewal offer compares—before committing to anything.

Enter your mortgage balance and rate to see your monthly payment and how it splits between principal and interest. Use the Payment, Term, and Total tabs to see what you're paying now, over the next term, and across the full amortization—then explore how adjusting the rate or amortization changes the picture.

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What Needs to Be in Place

Gathering these early is what turns preparation into strategy.

1
Mortgage details
Payment, remaining balance, amortization, and maturity date.
2
Property details
Value, property taxes, insurance, and any applicable condo details.
3
Costs
Discharge fees, legal or transfer fees, and possible appraisal requirements.
4
Personal details
Updated income, assets, and existing liabilities, clearly documented to keep the process moving efficiently.
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Shaping Your Path Forward

Your goals, structure, and approach—aligned with purpose.

1
Align to Your Goals
Before structuring the switch, it’s important to define what matters most—whether that’s lowering payments, reducing interest over time, maintaining flexibility, or aligning with future plans.
2
Structure the Application
Not all switches are structured the same. Choosing the right lender, product, and approach—and positioning the mortgage within the right guidelines—ensures the switch is set up properly from the start.
3
Confirm Your Approach
With your goals defined and the structure in place, confirming your approach brings clarity and confidence to move forward.
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From Existing to Improved

A structured process guides your mortgage from one lender to the next.

1
Application
With a clear plan in place, the application is submitted to the new lender.
2
Conditional approval
The lender reviews the property and personal details, and outlines any conditions.
3
Final approval
Once conditions are satisfied the lender finalizes the approval and coordinates the transfer with your lawyer or their legal provider.
4
Closing
On your maturity date, your existing mortgage is paid out and your new mortgage begins.

Ready to Move Forward?

We’ll walk through your situation and map out a clear plan—so you know exactly what to do next.

No obligation. No credit check required to start.

Common Mistakes to Avoid

Automatically signing the renewal offer without reviewing other options

Waiting too long to review options, limiting flexibility at renewal

Not understanding how your current mortgage is structured—this can affect how easily you can switch, and what it may cost

Focusing only on rate instead of how the mortgage is structured

Not reviewing your full financial picture at renewal—your goals, income, and debt may have changed since your last term

Assuming all switches are simple transfers between lenders

Mortgage Renewal — FAQs

Not Sure What to Do at Renewal?

That's more common than you think. Whether your term is ending soon or you're just starting to think about it, a quick conversation can help you understand your options.