Renewals, Switching & Refinancing

Up for renewal this year?

If your hobby is throwing cash on the campfire, be sure to sign your lender's renewal letter without getting us to check if there's a better option.

OFSI has removed the stress test on switch/transfers, so you now have more freedom to leave your existing lender for a better deal.

It's also a great time to consolidate high-interest debt or consider putting your equity to better use.

We help you renegotiate the terms of your mortgage with your current lender or shop around for a better deal with another financial institution. The renewal notice is usually sent out about four months prior to the expiration date, providing time for comparisons and negotiations. During this process, homeowners should consider interest rates, mortgage features, and any potential fees. It's important to carefully assess the options available. Ultimately, a well-informed decision during the renewal period can have a huge impact on your long-term financial health.

If you shop around for a good price on an airline ticket to save a few hundred dollars, why wouldn't you shop around at renewal time? The savings could be in the thousands.

Home Loan Central saved us over $8000 on what our bank was offering.

Krista G.

I never realized you could negotiate at renewal time. Thank you so much for helping us get a much better deal!!

Gareth B.

★★★★★

★★★★★