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Renew your Mortgage

Renewing your mortgage couldn’t be simpler: a signature is all it takes. No additional documents, no visit to the notary or lawyer. It’s just that easy!

Renew your loan in just 4 easy steps

  1. You will receive a renewal agreement by mail 90 days before your mortgage is due. 
  2. You speak to your advisor, if necessary. 
  3. You accept and sign the agreement. 
  4. We confirm the renewal.

Questions to ask yourself

As your renewal date approaches, it is the perfect time to review your financial situation and discuss any possible adjustments with your advisor.

As your renewal date approaches, it is the perfect time to review your financial situation and discuss any possible adjustments with your advisor.

Payment amounts

How do you feel about your mortgage payments? Are they too high? Could you afford to pay more?

New projects

Would you like to have more cash on hand? Would you like to pay for your children’s education, renovate your home or make a sizeable purchase? When you refinance, you can use the equity in your home to finance new projects.

Interest rate

Depending on your financial situation, you can switch from a fixed to a variable rate, or vice versa.

Amortization period

When would you like to pay off your mortgage? Depending on your situation, you could choose to pay your mortgage down faster.

Early repayment amount

Mortgage renewal is a great time to make a lump-sum payment towards your outstanding capital without penalty or contractual limitation with regards to the amount paid.

Mortgage renewal is a great time to make a lump-sum payment towards your outstanding capital without penalty or contractual limitation with regards to the amount paid.

This way, you repay your mortgage faster. It is an attractive option if, for example, you plan to retire soon or would like to pay off your mortgage sooner so as to invest in another project.

Read your new mortgage conditions closely

Some borrowing conditions may change before your renewal.

Some borrowing conditions may change before your renewal.

While we keep you up-to-date regarding changes as they arise, please note that all changes will be outlined in the renewal agreement that you will receive. It is very important to take note of any changes before signing your renewal.