Mortgage Renewal
Get the best mortgage terms with XPERTO
Is your mortgage coming to term? This is the perfect time to reassess your options and potentially improve your loan conditions. Our mortgage renewal service supports you through this crucial step.
Renewal is a unique opportunity
Why is this important?
Adapt your mortgage to your current financial situation
Potentially benefit from better interest rates
Adjust your payments according to your goals
Consider options such as adding a home equity line of credit
Solutions for everything
How to proceed with renewing your mortgage
Plan ahead
Start preparing 4 to 6 months before your term expires. This will give you time to:
- Assess your financial situation
- Explore market offers
- Negotiate better conditions
Plan ahead
Ask yourself the right questions:
- Is your budget changed?
- Would you like to change the frequency of your payments?
- Are you considering early repayments?
- Do you plan to move in the next few years?
Explore your options
- Compare offers from different lenders
- Consider the possibility of changing the type of rate (fixed vs variable)
- Evaluate the opportunity to integrate renovation work into your loan
Which option to choose?
Renewal vs Transfer
Renewal with your current lender
Benefits:
- Simplified process
- Established relationship with your financial institution
Transfer to a new lender
Benefits:
- Possibility of obtaining better terms
- Access to new mortgage products
Mortgage Broker
Why choose a XPERTO mortgage broker?
Analyze your financial situation
Compare market offers
Negotiate the best terms on your behalf
Save time and potentially money
Frequently Asked Questions
Ideally, 4 to 6 months before your current term expires.
Yes, it is possible. This is called a mortgage transfer.
Renewal with your current lender usually does not incur any fees. A transfer may involve certain costs.
Yes, it is often possible. Discuss it with your advisor to assess the implications.