Looking to renew your mortgage?Knowing your option can save you thousands

Did you know more than 72% of Canadians simply sign the renewal offer from their existing lender — without shopping around or reviewing their terms? Unfortunately, that’s one of the biggest mistakes a homeowner can make: by overlooking better rates, missing out on improved terms, or staying with an outdated mortgage structure, you could end up paying thousands more over time.​ Talking with a mortgage broker can open up many saving options, and can help you plan for a better financial future. 

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It's recommended to talk to a broker at least 120 days before your mortgage term ends.

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When mortgage maturity comes to an end, you typically have 3 different options:

1. Renew with the current lender

2. Switch to a new lender

3. Refinance your mortgage
 

Based on your current and future goals, each option can significantly impact your financial future.