Renewals and Transfers

Make your mortgage renewal work for you.

Don't let your mortgage-renewal period slip away without exploring your options. At 120 days (4 months) before the end of your current mortgage term, take the chance to see if there's something better.

Many homeowners stay with their existing mortgage lender simply because they think it's easier than shopping around, or that the offer from their existing bank is the best deal available.

But, taking advantage of your mortgage renewal could help you save money over your next term, or find a better mortgage product if your needs have changed.

This time, get a better rate (through us).

Do you feel like you could have gotten a better rate on your last mortgage term? We can help.

Our expert True North Mortgage brokers have access to accredited lenders, so we can do the work for you to check around. Our volume discount means that we can get the best rates that you qualify for, even from your bank. If you contact us, we can outline the process needed to complete your renewal or transfer.

If you decide to make a change or to transfer to another lender, you may need an appraisal or extra paper work done. We're here every step of the way to make it as simple as possible.

Need a helpful reminder? Use our mortgage renewal tool, and we'll send you a note about 120 days before your renewal comes up.

Don't wait for your renewal statement to explore your options.

  • Your lender may send a renewal offer early. Or, they may not. Legally, your lender has to send your renewal statement at least 21 days before your mortgage term ends. Three weeks, however, doesn't leave you with a ton of time to research your options (although we can give you an answer, fast!).
  • First, go to your lender to ask for their best offer.
    Even if they've provided an early renewal offer, be confident about your right to go back to them to negotiate for their best rate or mortgage product.
  • Contact us for all the options, at no cost or obligation. We may be able to beat their rate or help you decide on a better mortgage fit to address your changing needs. The bottom line is that you should have all the information available to make the best decision for your mortgage renewal or transfer.

Give us a call, or apply for your renewal or transfer online now.

You can also request a callback and we'll call at a time that works for you.