mortgage renewals

What’s your best rate? Find out now.

Love your mortgage as much as you love your home

It’s estimated that 47% of mortgages in Canada are up for renewal in 2018, compared to a normal rate of 25% to 35% per year.

With the benchmark rate now at 5.34%, homeowners who need to refinance may not qualify for the amount they need. Private financing is an option for those homeowners, depending on the amount of equity they have in their home.
If you need help understanding how private mortgage lending works, or to determine if private financing is an option for you, we’re here to help.

When is the right time to renew your mortgage?

You don’t need to wait until you receive the renewal letter from your lender, in fact it is most advantageous to be pro-active. A few months before the end of your current mortgage term, it is advisable to do some research to check if there is a better mortgage option with terms and conditions that suit your needs.

For most people, the mortgage payment is one of the biggest chunks of their household budget.

Taking an active approach to finding the mortgage that best meets your needs is a financially beneficial strategy. You can save money by shopping around and negotiating. You may qualify for a rate that is lower than the rate quoted in your renewal letter. Avoid having your current mortgage automatically renewed for another term, you may not end up with the best interest rate and conditions.

Renewing your mortgage? Connect with a knowledgeable & experienced Kelowna mortgage broker to discuss your options.


Kelowna Mortgage Broker John Antle | Couple renewing mortgage

Renewal time is an opportunity to review your current financial situation.

We can help you select the mortgage options that are right for you and your particular circumstances. Take charge of the process by working with a mortgage broker. We have access to many lenders and can help you easily navigate the mortgage renewal process.

Mortgage renewals made easy. Contact us today to discuss your options.

Getting started with your mortgage renewal

Step 1: Evaluate your goals

Has your financial situation changed? An increase or decrease in income or expenses can affect your monthly budget. Evaluating your personal circumstances will help you establish your priorities when it comes to your mortgage needs.

Step 2: Compare Mortgages

What is the difference between a fixed and variable rate? Which terms are going to be the best for you? We can help you evaluate the options available to you and advise on the right course of action.

Step 3: Start the Renewal Process

Let us walk you through the mortgage renewal process, get in touch with us to set up and appointment today!


Renewing your mortgage? Contact us today to find your best rate!