If your mortgage term is expiring and you still have an outstanding balance to pay, then you are up for mortgage renewal. Mortgage renewal is the process of applying for another sum of money, with the same or less value than your first mortgage. You also have to apply with your current lender.

Call Us Today +1 866 921 8890

Questions? We’re here to help!

Mortgage Offers

...pick the one thats right for you.

Find Out More

We Pay Your Legal Fees!

When You Close a Mortgage With Us

WE PAY YOUT LEGAL FEES,
$1000 VALUE

Get $1000 Cash Back

When You Close a Mortgage With us

RECEIVE $1000
CASH BACK

$1000 Referral Fee

When They Close a Mortgage With us

REFER A FRIEND AND GET
$1000

Featured Rates

FIXED

LenderRateTerm
Mortgage Lendwise RateLendwise

3.40%

5-Year
Mortgage First National Bank RateFirst National Financial

3.59%

4-Year
Mortgage RMG RateRMG Mortgages

3.29%

3-Year
Mortgage Street Capital RateStreet Capital Bank

3.19%

2-Year
Mortgage TD Bank RateTD Bank

3.19%

1-Year

VARIABLE

TermRate
5-Year Variable

2.75%

3-Year Variable

3.35%

OTHER

TypeRate
Line of CreditStarting at

3.00%

Equity LoansStarting at

5.99%

Private MortgagesStarting at

5.99%

Tips When Renewing your Mortgage

Here are some things to consider with a mortgage renewal:

  • Do a quick survey. Four months before your expected mortgage term is due, do some window shopping. Ask different banks about their possible principal and interest rate offer for your new mortgage, or simply ask your mortgage broker for a list of interested lenders for your new loan. This way, you will be presented with different options, given the best offer, with the lowest interest rate.
  • Assess your financial situation. Did your income decrease or increase in the past few years? Budgeting everything in advance, will you able to continue to pay the mortgage interest in the following years or do you have to borrow more money from other lenders?
  • Read the renewal documents. Make sure to find time to read the renewal’s terms and conditions. Look at the new mortgage’s offered interest rate and compare it with other banks. Do not sign the contract immediately. Your finances for the next 5 years will depend on your loan’s interest rate. You can save a lot of money just by getting a slightly better rate and conditions.
  • Negotiate with your bank. Call your bank and ask about the designated interest rate. The value they input in the documents is usually the standard interest rate or even higher. If you are an outstanding client, you can easily negotiate with your current lender to cut theinterest rate to its lowest possible value. Never feel ashamed to bargain your way to their best possible offer.

 

If after doing all the math, you still find that mortgage renewal is the best option there is, then sign and return the mortgage renewal form. The process is quick and easy, you just have to sit still and let your lender do all the work. If you still aren’t sure, ask your mortgage broker, they can give you the ins and outs of mortgage renewal and tell you if its worth it for you as well as offer private mortgage.

OUR CUSTOMERS LOVE US

My wife and I recently purchased our first place, so we started to look for a mortgage broker. Neither of us really knew what we were doing, so it was important to us that we could find someone who could guide us through the whole process. After some searching we finally stumbled upon the guys at certified mortgage broker We worked with leon and his team, got a great rate and they took their time to explain and guide us through the whole process. Great rates and great service. Would absolutely recommend.
Linderman Beadles
Linderman Beadles
06:16 26 Feb 18
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Gina Carroll
Gina Carroll
05:06 28 Feb 18
Was looking for a new mortgage broker, my old one moved so had to find someone else to work with. Didn't really know how to go about it so just started googling. After some searching and talking, decided to go with the guys at certified mortgage broker. No one could match their rates, plus their customer service is honestly some of the best i’ve seen.
Deane Laflamme
Deane Laflamme
04:40 27 Feb 18
My wife and I recently purchased our first place, so we started to look for a mortgage broker. Neither of us really knew what we were doing, so it was important to us that we could find someone who could guide us through the whole process. After some searching we finally stumbled upon the guys at certified mortgage broker We worked with leon and his team, got a great rate and they took their time to explain and guide us through the whole process. Great rates and great service. Would absolutely recommend.
Stephnie Boyles
Stephnie Boyles
13:59 15 Nov 17
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Billye Peralta
Billye Peralta
13:38 19 Nov 17
Was looking for a new mortgage broker, my old one moved so had to find someone else to work with. Didn't really know how to go about it so just started googling. After some searching and talking, decided to go with the guys at certified mortgage broker. No one could match their rates, plus their customer service is honestly some of the best i’ve seen.
Moore Hoover
Moore Hoover
02:25 16 Nov 17
We worked with Leon and he provided a thorough and a professional process in re-financing our mortgage. Communication was consistent, he was easy to reach and documents were processed quickly. Most importantly, we got a great rate that has us savings hundreds of dollars per month on our home. These guys really know what they're doing.
Melissa Brown
Melissa Brown
00:12 18 Jul 17
As third time home buyers we couldn't be happier with the service we got from Certified mortgage broker. The team did a great job working on our loan. Everything was fast, easy and transparent. Probably the best mortgage experience i’ve ever had.
Riley Clements
Riley Clements
15:27 20 Jul 17

CONTACT US

Give us a call or email us to schedule your appointment

Certified Mortgage Brokers Across Canada

…by providing award winning customer service to each and every single client.