What happens at renewal

Mortgage renewal time presents a great opportunity to revisit your needs and choose mortgage options that will bring you closer to your goals. For example, you might choose to:

• Increase your payments to reduce your total interest cost and be mortgage-free sooner.
• Select a mortgage with a longer term than you originally had to lock in a rate for a longer period of time.
• Select a mortgage with a shorter term to give you the flexibility to change your choices sooner.
• Increase your amortization in order to lower your payments.
• Switch from variable to fixed rate (or vice versa).
• Switch from open to closed (or vice versa).
• Pay down your principal without added charge.
• Refinance to tap into your home equity to fund additional goals.

How we can help

If your mortgage is up for renewal soon, we will call you approximately 90 days before your mortgage maturity date. Or, if you’re ready to renew now, call us at 1-877-594-0082 or visit your local branch.