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.
Refinancing
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.
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
Knowledge Centre: home buying and mortgages
Buying your first home
Prepare to start your search for the right home from getting pre-approved to understanding your financial responsibilites.
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.
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
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Earn bonuses and rebates on products, plus dividends on equity shares paid annually.
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Send us an email and get a response within one business day.
Call
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Saturday 8:30 am - 3:30 pm
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Book an appointment with a
Financial Advisor.
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