Renewals
Renew on your terms, not theirs
Your lender's renewal letter is rarely their best rate. At maturity you can switch lenders without a penalty, and many lenders cover the transfer costs. Contact us 120 days before your term ends and we will shop the market for you.
- No penalty to switch at maturity
- Transfer costs often covered
- Review your amortization and prepayment options
- Start up to 120 days early
What to check before you renew
A renewal is a chance to fix what did not work in your last term.
- Is the rate competitive with the wider market?
- Does the term length match your plans for the next few years?
- Do you want to change payment frequency, prepayment privileges or amortization?
- Should you consolidate other debt at the same time?
FAQ
Common questions
Do I have to re-qualify when I switch lenders?
Usually yes, including the stress test, unless you renew with your current lender. We tell you in advance whether switching is feasible.
What does a switch cost?
Many lenders cover appraisal and legal fees on a straight switch. Any costs are disclosed before you commit.
When should I start?
Ideally 120 days before maturity so we can hold a rate while we compare offers.
Get started
Tell us about your situation
Share a few details and an advisor will follow up within one business day with next steps and the documents to prepare.
Your first call is free
Tell us what you need and we will tell you exactly what it takes. No pressure, no obligation.