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Mortgage Renewals – Licensed Mortgage Professionals

Funds in 2 Business Days. Approved in Minutes

Get Pre-Approved 4 months before your renewal date


Start Shopping early for a new mortgage rate


Get a Rate Hold/Rate Lock


Competitive rate and term

Mortgage Renewals

When the term on your mortgage expires it is time to renew your mortgage.

At this time you will be able to re-negotiate your interest rate based on current market conditions. The bank or financial institution you are currently with will likely offer you a renewal. DON’T TAKE THE FIRST OFFER! It is estimated that over 65% of Canadians simply re-sign their mortgage with the same lender at renewal time. The rate and terms offered are rarely questioned as most people choose to avoid the hassle of renegotiating. Lenders know this and therefore won’t offer the lowest rate or best terms available. A mortgage is typically the largest expense you will ever have and making this mistake will cost you thousands!

Remember that you do not have to renew with the same lender and should always consult with your mortgage broker prior to accepting any offer. In doing this you will ensure yourself the most competitive rate and terms at renewal time.

Early Renewals

It is also possible to renew your mortgage early. You may opt to renew early if the current interest rates are much lower than your existing interest rate. There can be drawbacks to renewing your mortgage early such as payout fees, but these fees are often far less than the money you will save at the new lower interest rate.

If you are not sure if it makes sense to renew early, Contact us and we will be glad to run the numbers for you.

Get Pre-Approved For Your Renewal In Advance

It is always wise to get pre-approved 4 months before your renewal date. This will allow you to hold a rate (see Rate Holds/Rate Lock) and ensure the most competitive rate and term leading up to your date of renewal. If you arranged your mortgage with Matrix Mortgage Global, we will be sure to contact you 4 months in advance and help you make the right decisions. To renew your mortgage

Celebrating 10 Years of Solution Based Lending for Mortgage Renewals

For more than 10 years, we have worked with Canadian homeowners to take advantage of mortgage renewal time to get the best mortgage rates and terms possible. In celebrating 10 years of success, we would like to say thank you for trusting us to help you with all your mortgage needs. Your business means a lot to us, and we look forward to serving you for years to come.

Apply Now For Instant Approval


Matrix Mortgage Global, Est. 2008

We specialize in alternative residential and commercial mortgages.


Nominated Broker of the Year


Governing Body: RECA, FSCO, FICOM


Canada's largest alternate mortgage brokerage


Proven Track Record of Growth & Excellence

Success Stories

Our Associations

Matrix Mortgage Global

Local Mortgage Experts

Matrix Mortgage Global Brokerage
Lic# 11108 | BC Lic# X300671
100 Consilium Pl. Suite 200 Toronto
On M1H 3E3

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Lic# 11108 _ BC Lic# X300671