Mortgage Renewals

Your renewal is an opportunity to save — don't just auto-renew with your current lender and leave money on the table.

Mortgage Renewals

Most Canadians simply sign the renewal offer their bank sends without shopping around. But the offer your bank sends is rarely their best rate.

By working with me at renewal time, you gain access to dozens of competing lenders. Even a 0.25% difference can save you thousands over your term — and there's no cost to getting a second opinion.

When to Start Shopping

  • Start 4–6 months before your renewal date
  • Early renewal may be possible without penalty
  • Compare rates from 50+ lenders — not just your bank
  • Review your full mortgage terms, not just the rate
  • Consider if your needs have changed
  • Think about whether your current term length still fits

Why Work With Gagan Luna

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Seamless Switching

Switching lenders at renewal is easy — often no penalties and no legal fees.

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Better Rates

Your lender's renewal offer is a starting point, not a final answer.

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Right Term for You

Fixed vs. variable? 1 year vs. 5? I'll help you choose what makes sense now.

Frequently Asked Questions

Q: Can I switch lenders at renewal?

Absolutely. Renewal is the easiest and most cost-effective time to switch. Typically no penalties and the process is simple.

Q: My bank offered a great rate — should I still call you?

Yes! What looks great may not be. I'll compare it to the full market and either confirm it's competitive or find you something better.

Q: Can I renew early?

Yes. Some lenders allow early renewal without a full penalty, especially in the final months of your term.

Ready to take the next step?

Book a free, no-obligation consultation and let's find the right mortgage for your situation.

Apply Now → Contact Gagan