What does it mean to renew your mortgage?

In Canada, the majority of people who buy property do so by taking out a mortgage, which is typically repaid over a specific period of time through a process called amortization. However, most mortgage contracts only last for a period of one to five years. Once the contract comes to an end, the homeowner is…

How to Prepare for Renewal

As we head into the fall, I am working with many of my clients on their mortgage renewal. You can begin the mortgage renewal process months before your mortgage renewal date.¬† If you obtained a mortgage when rates were really low and you’re worried about how to prepare your budget and finances for a larger…

Don’t be a part of the 60%- Plan for Renewal!

Did you know that 60% of Canadians simply sign their renewal documents without giving them any thought or review? We find that many Canadians spend time shopping for their initial mortgage, but the same is not true for their renewal! Did you know that often your renewal offer isn’t the best offer available? We can…