Save the Most on Your Mortgage Renewal or Refinance, with Trusted Advice and the Lowest Rate

Save Thousands

Your existing lender will try to renew at higher rates. Get a better rate and save big. 

No Fees

There are no broker fees, lender fees or other fees for the vast majority of our renewal clientele.

A Better Path

We’re unbiased and impartial. The best rate can mean little, without the best long-term expert advice. 

What’s the difference between a Mortgage Renewal vs Refinance?

Mortgage Renewal

A renewal typically happens on the maturity or ‘renewal date’ of your existing mortgage term, although early renewals are possible too. It involves a ‘continuation’ of the mortgage amount owed and amortization remaining. What we consistently provide on the maturity/ renewal date is a better rate (fixed or variable), and the best fine print terms and conditions.

Benefits:

  • Some of the lowest market rates apply.
  • No fees, legal fees or appraisal cost for most renewals.
  • Innovative renewal strategies available, not offered by our competition.
  • A straight forward, fast transaction that can easily save you thousands of dollars.

Click here for our long-form renewal article.

Mortgage Refinance

With a refinance, we are paying out your existing and ‘restarting’ your mortgage. Therefore more options exist regarding the size of the new mortgage and potentially reducing payments. Typically a refinance is used to lower the interest rate AND pull out home equity at some of the lowest market rates.

Benefits:

  • Access your home’s equity at a low fixed or variable rate for renovations, debt consolidation, investment or any purpose!
  • Can happen any time during the term – at or before the renewal date.
  • In many cases, the appraisal fee and legal fee can be covered.
  • Ultimately it’s not mortgage renewal vs refinance, but instead, which makes the most sense for you.

Click here for our long-form refinance article.

Types of Mortgage Refinancing

Get on the Right Path for Long Term Mortgage Management and Savings

Get the Best Rate Upfront, The First Time You Ask

Without the hassle. See our best rate Guarantees! Smooth, paperless, and secure approvals.

Fine Print That Works For You, Not Against You

Flexible fine print for Real Estate and life changes. Get a low rate now, and fine print flexibility for when you need it.

Rate Monitoring and Optimization

RATE WATCH and rate guarantees before your close. Free annual checkups and ongoing strategic advice to save you even more over the years.

Experience the Peace of Mind

A mortgage is both a short term and long term endeavour. Get the best ongoing advice to continually save the most on your biggest expense.

There are many types of mortgages in the market that serve different needs, and rates will differ accordingly. However, no matter your mortgage type, renewal vs refinance, or purchase, you will receive a significantly discounted rate compared to the competition. This also includes mortgages for new Canadians, self-employed, bad credit mortgages, and even second or private mortgages. Connect with us today for a no obligation conversation and hassle free quote.

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Mortgage Broker - Brent Richardson

Brent Richardson

Principal Mortgage Broker/ Owner (Lic. # M08006143), Certified Financial Planner (CFP), BA (Hons.)

Altrua Financial Inc. FSCO #13005

Get the Right Mortgage Rate Advice

Even if you have been pre-approved or fully approved by another bank or broker, you are not ‘locked in’ and it is not too late to save thousands of dollars more on your mortgage. For one of your biggest expenses, Altrua will help you to save more for years to come. Connect with us today. No cost, no obligation.

Schedule a Free Renewal or Refinance Consultation With Brent

  • Over 14 years of experience between a Major Bank and Mortgage Broker.
  • Over 1500 mortgage transactions completed, consistently at the best rates.
  • Highly specialized mortgage guidance and advice.
  • Certified Financial Planning  (CFP) designation which enables him to establish unique, ongoing relationships with clients that emphasize wealth creation through consistent mortgage interest and cost management.

Book a Meeting with Brent Today Directly in the Calendar Just Below