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.
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.
Learn about rate specials and other available options by meeting with a financial advisor.
Secure the best rate by renewing your mortgage before your renewal date.
Access more money
Whether you’re considering a big purchase or facing unexpected expenses, refinancing your mortgage can give you access to more money.
Get peace of mind and consolidate any debt into a single payment with a lower interest rate.
Get a fresh start by refinancing your mortgage to a lower rate, or negotiate a more affordable payment plan.
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.
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:
Use the mortgage calculator to determine how much you can borrow and to estimate your
monthly mortgage payments.