Mortgage Renewals in Ontario
Roughly 60% of Canadians simply sign their bank's renewal letter — and overpay for years. Let's make sure you're not one of them.
Renew Your Mortgage
Your renewal is the easiest moment to get a better deal — but only if you treat it like a negotiation, not a formality.
Most Ontario lenders send renewal offers 30–120 days before maturity, often at posted rates well above what's actually available in the market. I review your existing terms, current Ontario rate environment, and your goals — then negotiate with your existing lender or move you to a better one without any disruption to your finances.
Switching lenders at renewal usually has no prepayment penalty, and many lenders even cover legal and appraisal costs. It's the single biggest opportunity most homeowners miss.
How I Can Help
- Renewal review starting 120 days before your maturity date
- Negotiation with your existing lender for posted-rate improvements
- Lender-switch options with most costs covered by the new lender
- Re-amortization, blend-and-extend, and prepayment privilege planning
- Stress-test guidance to confirm eligibility before you commit
A Simple 4-Step Process
We assess your current rate, balance, prepayment penalty, and Ontario home equity.
I model the OSFI stress test and run the numbers across 50+ lenders to find the right fit.
Documents in, appraisal ordered, and a firm approval issued — usually within days.
Your lawyer registers the new mortgage and you start saving on your next payment.
What Ontario Clients Say
Refinanced before our renewal and saved nearly $400 a month. Nick handled the lawyer coordination and made it effortless.