
Mortgage Renewals Are Opportunities
Getting a mortgage is a long-term commitment. Most standard mortgages last 20-30 years, but the terms within these mortgages are shorter, often around 5 years. When your mortgage term ends, it’s time for a renewal. A renewal is more than just signing a contract—it’s an opportunity to re-evaluate your mortgage and make sure it still works for you.

What Is a Mortgage Renewal?
A mortgage renewal is when you extend your mortgage for another term. It involves re-negotiating the terms of your mortgage, which could include:
Why Renew Your Mortgage?
Mortgage renewal is a chance to save money and improve your financial situation. Here’s why refinancing might be the right move for you:
No matter where you are—including Calgary, Surrey, Vancouver, or the Lower Mainland—Jason can help you know when, and how, to renew your mortgage the way that works for you.


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What Should You Consider at Mortgage Renewal?
Here are some key reasons to rethink your mortgage terms when it’s time to renew:
Has Your Budget Changed?
If your income has increased, you might want to raise your monthly payments to pay down your mortgage faster and save on interest. On the other hand, if your financial situation has changed, you might want to reduce payments to make them more manageable.
Is Your Payment Frequency Working for You?
If your current payment schedule isn’t ideal, now’s the time to adjust it during your renewal.
Are You Carrying Other Debt?
Refinancing can be a great way to consolidate high-interest debt (e.g., credit cards, personal loans, lines of credit) into your mortgage. This can reduce your overall interest payments and make it easier to manage your debt.
Are You Happy With Your Current Lender?
Not every mortgage lender offers the best terms. If you’re not satisfied with your current lender, mortgage renewal is the perfect opportunity to shop around for better options. A lower interest rate or new perks could make a big difference.
How a Mortgage Expert Can Help You During Renewal
Renewing your mortgage isn’t just about signing the renewal letter your lender sends. It’s about ensuring that you’re getting the best deal possible.
An expert mortgage broker can:
If your renewal is approaching, Jason is here to help.

Let’s Connect
If you are ready to buy a home, or want to know more about what you can afford, Jason is here to help. Reach out using the form below, or better yet, call Jason now.
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