What is a Mortgage Renewal?

A mortgage renewal occurs when your current mortgage term comes to an end, and you need to either renegotiate with your existing lender or switch to a new one. It’s an important opportunity to ensure you’re getting the best rate and terms available in the market.

Renewing your mortgage is a chance to evaluate your financial goals and potentially save thousands by securing a more competitive rate.

Why Should You Review Your Mortgage Options?

Many homeowners simply renew their mortgage with their current lender without exploring better options. However, the mortgage market changes constantly, and by shopping around, you can:

• Secure a Lower Interest Rate – Save money over the life of your mortgage.
• Adjust Your Payment Terms – Choose terms that better align with your financial goals.
• Access Better Products – Take advantage of flexible features that fit your lifestyle.

Our team at Alberta Mortgages can help you explore all your options to ensure you’re getting the best deal possible.

When Should You Start the Renewal Process?

It’s a good idea to start reviewing your mortgage options 4–6 months before your current term ends. This gives you plenty of time to:

• Compare Rates
• Assess Your Financial Situation
• Avoid Last-Minute Decisions

We’ll guide you through the renewal process, ensuring a seamless transition to your new mortgage term.

Why Choose Alberta Mortgages for Your Renewal?

At Alberta Mortgages, we work with a variety of lenders to find the most competitive mortgage rates in the market. Our goal is to ensure you’re getting the rate you deserve while helping you navigate the renewal process with ease.

We proudly serve Alberta, including Calgary, Edmonton, Red Deer, Lethbridge, and Medicine Hat, as well as the Northwest Territories and Yukon.

Let’s Renew Your Mortgage Today

Don’t settle for less when it’s time to renew your mortgage. Alberta Mortgages is here to help you find the best rate and terms for your needs.

Got Questions? Ready to Renew?

Contact us today or apply online to get started. Let us ensure your mortgage renewal is as beneficial as possible for your financial future!