Mortgage Renewal in British Columbia
Your mortgage renewal is the best opportunity to improve your rate and terms. Do not just sign and send it back — let a BC broker shop the market for you.
Your Renewal Is a Fresh Start
Most Canadians simply sign their lender's renewal offer without shopping around. That can cost you thousands.
When your mortgage term is up, you have the freedom to renegotiate your rate, change your term length, or switch to a different lender entirely -- usually at no cost.
We compare your current lender's renewal offer against options from our entire network. In many cases, we find a better rate, more flexible terms, or both. Even a small rate improvement can save you thousands over a five-year term.
Your current lender's renewal offer is their starting position, not their best rate. We negotiate or find competitive alternatives.
How It Works
Your Renewal Process
Review Your Renewal Offer
Send us your lender's renewal letter and we will tell you how it compares to what is available in the market.
Compare Your Options
We shop 30+ lenders and present you with a clear comparison so you can make an informed decision.
Seamless Switch or Stay
Whether you stay with your current lender or switch, we handle the paperwork and coordination.
Timing Matters
When to Start Your Renewal Process
Start shopping at least 120 days (four months) before your maturity date. This gives you time to compare options and lock in a competitive rate without any pressure.
Your current lender will typically send a renewal offer 21 days before maturity. By that point, you should already have your comparison done. Waiting until the last minute limits your options and leverage.
If your renewal date is approaching and you have not started yet, reach out now. We can often fast-track the process and still find you a better deal than your lender's initial offer.
Start shopping your renewal 120 days before your maturity date. This gives us time to rate-hold and negotiate without pressure.
Let's Review Your Renewal Together
Send us your renewal offer and we will tell you if you can do better — no obligation, no pressure.
Review My RenewalFeatures & Benefits
Why Shop Your Renewal
Rate Comparison
We compare your renewal offer against dozens of alternatives to make sure you are getting the best rate available.
Free to Switch
At renewal, switching lenders is usually free. Your new lender typically covers legal and appraisal costs.
Term Flexibility
Renewal is the perfect time to reconsider your term length, payment frequency, and prepayment options.
No Penalty
Switching at maturity means no prepayment penalty. You have complete freedom to negotiate.
120-Day Rate Hold
We can lock in a rate up to 120 days before your maturity date, protecting you from rate increases.
Changed Circumstances
If your income or credit situation has changed, we can find lenders that work with your current profile.
Common Questions
Renewal FAQ
Start at least 120 days (four months) before your maturity date. This gives you time to compare options, lock in a competitive rate, and negotiate from a position of strength. Many lenders will hold a rate for 120 days, so starting early protects you from rate increases.
Yes. At maturity, you are free to move your mortgage to any lender without paying a prepayment penalty. The new lender typically covers legal and appraisal costs, making the switch free in most cases. It is one of the best opportunities to improve your rate and terms.
Changes in income, employment, or credit can affect your renewal options. If you stay with your current lender, they may renew without re-qualifying you. If you want to switch lenders for a better rate, you may need to re-qualify. We can assess your situation and find the best path forward.
Renewal Coming Up?
Send us your renewal letter and we will show you what else is available. No obligation.