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How do I renew my mortgage?

Is your mortgage due for renewal?

You have two options: 

  • Renew early, up to 4 months before the end of your term (with no penalty) to take advantage of the market rates. If market rates are lower than what you’re currently paying, it’s usually better to renew early. In this case, your new conditions will take effect starting with your next payment.  
  • Protect your rate from 6 months before the end of your term. If market rates are higher than what you’re currently paying, it’s usually better to wait until the end of your current term before renewing. If rates rise, your rate is protected. If rates fall, you can request a better rate before maturity.   

Want to learn more?

Have projects in mind?

Discover more information about mortgage refinancing, an option to consider to finance some of your projects.

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