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Mortgage renewal and home refinancing

Same sweet home, new affordable mortgage

Renewing vs. refinancing

When your mortgage term is coming to an end and you still have a balance owing, it’s time to renew. When you want a better rate, access to funds, or to consolidate loans, consider refinancing.


Renewing your mortgage

What to expect when your mortgage is coming up for renewal

Receive a renewal notice

We’ll remind you of your upcoming renewal at least 6 months in advance to give you plenty of time to prepare.

Make an appointment

Learn about rate specials and other available options by meeting with a financial advisor.

Finalize your new mortgage

Secure the best rate by renewing your mortgage before your renewal date.

Renew your mortgage

Make the switch to
Aldergrove Credit Union

We’ll take care of your legal fees when you bring your mortgage to us, because you should have the freedom to choose a mortgage that works for you.

​*Terms and conditions apply


Get a better mortgage and enjoy financial freedom by refinancing.

Access more money

Whether you’re considering a big purchase or facing unexpected expenses, refinancing your mortgage can give you access to more money.

Consolidate debt

Get peace of mind and consolidate any debt into a single payment with a lower interest rate.

Lower interest rate or payments

Get a fresh start by refinancing your mortgage to a lower rate, or negotiate a more affordable payment plan.


Blend and extend vs. refinancing

Blend and extend is the process of blending your current mortgage interest rate with a lower available rate for a combined average used to extend your current term. If your mortgage isn’t up for renewal and there’s a better rate available, you may incur penalties for refinancing. In this case, blend and extend can save you money.

  Talk to an advisor

Refinancing considerations

Get access to more money when you refinance your mortgage. Whether there’s a better available rate, or you need money for a purchase or project, refinancing can help. But remember, the refinancing process is very similar to getting a new mortgage. You’ll have to:

  • Requalify for the new mortgage
  • Pay legal and appraisal fees 
  • Consider penalties for ending your current mortgage early
5-year fixed closed


1-year variable open


5-year variable closed


Other fees and terms

*Rates are subject to change without notice.

Mortgage Calculator

Use the mortgage calculator to determine how much you can borrow and to estimate your
monthly mortgage payments.


Knowledge Centre: home buying and mortgages

Mortgage advice
Buying your first home

Prepare to start your search for the right home from getting pre-approved to understanding your financial responsibilites.

Mortgage advice
Moving to the Fraser Valley

Enjoy affordable living, experience the natural beauty of the Valley, and find local events and activities for you and your family.

Mortgage advice
Home renovations and repairs

If you’re considering an older home, start with a home inspection. You might need to budget for the costs of hiring a general contractor or even a structural engineer.

Choose Aldergrove Credit Union

Earn cash back

Get an annual cash bonus when you bundle qualifying products. 

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Access your money across Canada with over 3,600 free ATMs and seven local branches.

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Budget, bank and learn using online and mobile banking solutions 24/7.

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Get excited to save and spend with affordable account options including unlimited transactions.

How to reach us


Send us an email and get a response within one business day.

Meet with us

Book an appointment with a Financial Advisor to discuss your finances. 


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Aldergrove Financial is a trade name of Gulf and Fraser Fishermen's Credit Union