It's a fact. Although a mortgage is one of their most important financial decisions, many Canadians don't put as much thought into renewing their mortgage as they should. CMHC stats show that over 50% of all Canadians accept the first rate their bank offers without researching what the competition has to offer. What happened the last time your mortgage came up for renewal? Did the bank simply drop a reminder in the mail, expecting you to sign without offering any incentives, discount or personal attention to your current finances?

That is the typical scenario Canadians face and many of them, not knowing what other options are out there, go along with it. Almost 60 percent of the public sign this renewal without researching what the competition has to offer. At MortgageClub.ca, we are here to offer you the expertise and resources so you can take advantage of the competitive mortgage market.

MortgageClub.ca has a different approach to Canada mortgage renewal services. We get you great rates from a network of lenders who are eager to compete for your home loan.

Before you sign do your home work or come talk to us.

Did you know? The perfect time to refinance is when your mortgage is up for renewal. There are not penalty fee for breaking the mortgage.

When your mortgage term is nearing an end, why not look around to see what else is available?

Instead of signing on with the same institution with its conservative mortgage products and higher rates, you could sign with a lender that offers you flexible terms and a lower interest rate.

When is the Best Time to Start?

The general rule is 3 months before your mortgage is up for renewal. This is a good tactic to follow when the interest rates are moving up. A lending institution can guarantee the interest rate for you up to 90 days. On the other hand, if the interest rates are moving down, the minimum time you should start looking for the best mortgage renewal product is 1 month before your renewal date.

Does it cost to switch my mortgage to another lender?

When you transfer or switch your mortgage from one lender to another, your current mortgage lender will charge you a discharge fee. This fee is about $200 - $300. When you renew you mortgage with MortgageClub.ca, not only will we give you the better interest rate, we will pay this fee for you. It will cost you nothing to renew your mortgage with us.

Our Partnerships Benefit You

MortgageClub.ca is the link between you and a diverse range of lenders. From chartered banks to private lenders, we have partnerships across the country that give us access to billions of dollars of lending capital.

We will discuss your unique needs and then set to work. You don’t even have to leave your home to take advantage of our exceptional service.

The Advantage of MortgageClub.ca Mortgage Renewal Programs

We’ll even cover the appraisal, discharge fee from your lender and legal transfer fees!

The process of finding affordable home financing can be exhausting. At no cost to you, MortgageClub.ca will do all the searching and negotiating. If you decide to renew your mortgage with us, we’ll even cover the appraisal, discharge fee from your lender and legal transfer fees!

Our lenders have Canada mortgage renewal options that accommodate your financial goals. Maybe you are looking to lower your monthly payment or repay the principal on your home loan faster. With the versatile products offered by our lenders, you can choose a longer amortization to obtain lower payments, or you can shorten your term to pay down the principal sooner – it’s up to you.

Personal attention to you, customized mortgage solutions and flexible terms. That is the MortgageClub.ca advantage.

Call us today to talk about your mortgage renewal options and home refinancing.