Start with your next chapter
Planning to move, renovate, retire or pay down debt? A new term should fit that timeline. Bring your current statement and renewal offer to the review.
Compare equivalent options
A useful comparison includes term, amortization, prepayment privileges, fees and the cost of breaking the mortgage. A lower payment can also come from stretching repayment, which may increase total interest.
Plan the switch
A transfer to a new lender can require income, credit and property documentation. Confirm the costs, deadlines and any qualification requirements before relying on an offer.
A useful starting checklist
- Current mortgage statement
- Renewal offer and maturity date
- Income documents
- Property tax and strata information