Services / Renewals & Refinancing / Mortgage Renewal
Most homeowners simply sign the renewal letter their lender sends. That's often not the best offer available. We review your options across our lender network so your next term fits your life today.
Mortgage Renewal at a glance
Guide
When to start
Stress test on switch
Cost to switch
Lenders we compare
*Depends on your situation, the property and lender or program rules.
Clear communication at every step, so you always know what's happening next.
Send us your renewal letter or current mortgage details.
We shop the market and lay out your options side by side.
You choose — stay with your lender or switch to a better fit.
We coordinate the switch or renewal and confirm everything is in place.
A few key points we'll walk through with you before you make any decisions.
Many lenders let you secure a rate about 120 days before renewal. Starting early gives you time and options.
Since November 2024, a straight switch of an uninsured mortgage to a new lender generally doesn't require a new stress test. Insured mortgages were already exempt.
Renewal is the easiest time to adjust amortization, add funds or change your mortgage type without prepayment penalties.
Don’t see your question here? Give us a call — we’re happy to talk it through.
No. We'll compare rates and terms so you can see exactly what you'd gain by staying or switching.
Many lenders cover legal and appraisal costs on straight switches. We'll confirm the details for your situation.
That's worth a conversation. Your current lender may renew automatically, but we'll look at whether other lenders offer more.
This page is for general information only and isn’t financial advice. Mortgage rules, program limits and lender requirements change and depend on your situation; all financing is subject to lender approval. Koru Financial Group Inc. — FSRA Brokerage #12726.