MORTGAGE RENEWALS

Review your options before you renew

If your mortgage is coming up for renewal, your current lender will typically send you an offer to continue your mortgage into a new term.

While it can be convenient to accept, it’s worth taking time to review your options to make sure your mortgage still fits your needs.

WHAT IS A MORTGAGE RENEWAL?

A mortgage renewal happens at the end of your current term, when you choose a new term, rate, and product for the remaining balance of your mortgage.

At renewal, you can:

  • renew with your current lender

  • switch to a different lender

  • adjust your mortgage terms or structure

This is an opportunity to reassess your mortgage based on your current financial situation and future plans.

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Home Purchase

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Refinance

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Renewals

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Reverse Mortgages

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Debt Consolidation

Home Purchase ✳︎ Refinance ✳︎ Renewals ✳︎ Reverse Mortgages ✳︎ Debt Consolidation

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WHY REVIEW YOUR RENEWAL OPTIONS

Your lender’s renewal offer may not reflect all options currently available in the market.

Taking time to review your renewal can help you:

  • understand current rates and products

  • compare different lenders and terms

  • ensure your mortgage aligns with your current goals

Every situation is different, so it’s important to make an informed decision.

HOW A MORTGAGE AGENT CAN HELP

Access to multiple lenders

Mortgage agents can compare options across different lenders, rather than a single institution.

Objective guidance

You’ll receive information and guidance based on your situation to help you evaluate your options.

Review of your current mortgage

We’ll look at your existing terms and discuss whether they still align with your needs.

Support through the process

If you choose to make changes, I’ll guide you through the steps and coordinate the process.

WHEN TO START YOUR RENEWAL

In many cases, you can begin reviewing your renewal options up to 120 days before your renewal date without penalty.

This allows time to:

  • review available options

  • ask questions

  • make a decision that feels right for you

HOW I WORK

I’ll help you:

  • review your current lender’s offer

  • explore other available options

  • understand the differences between products and terms

My goal is to provide clear information so you can make a decision you feel confident in.

IMPORTANT CONSIDERATIONS

  • Switching lenders may involve additional requirements such as qualification or documentation

  • Rates, terms, and approvals are subject to change and lender criteria

  • Not all applicants will qualify for all mortgage products

READY TO REVIEW YOUR RENEWAL?

If your mortgage is coming up for renewal, reviewing your options can help you make an informed decision.

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