When your mortgage term comes to an end, you will have to either pay off any outstanding balance or renew the loan for another term. This is a great opportunity to reassess your needs.

Interest rates, new mortgage products, your job, and family situation — a lot can change between the time you purchased your house and your first renewal.

We suggest that you take a proactive approach. Consider the renewal of your mortgage about four months before the actual renewal date, so we can discuss your options ahead of time, and lock in a reasonable rate, term, and product.