Mortgage Renewals in Newfoundland & Labrador
Your mortgage is coming up for renewal. Let’s make sure your next mortgage still works for you.
When your mortgage comes up for renewal, it can be tempting to simply sign the offer from your current lender. But your renewal is also a great opportunity to review your mortgage, compare your options and make sure your financing still fits your needs.
At The Home Mortgage Centre, we help homeowners throughout Newfoundland & Labrador review their renewal options and determine whether staying with their current lender or moving to another lender makes the most sense.
Before You Sign Your Renewal
Your current lender will usually send you a renewal offer before your mortgage maturity date. The rate they offer may be competitive, but it’s worth taking the time to compare.
We can review your existing mortgage, current balance, renewal offer and future plans and compare available options from the lenders we work with.
Depending on your situation, renewal time may also be an opportunity to change your mortgage term, adjust your payment frequency, consolidate debt or access equity in your home.
Switching Lenders
You don’t necessarily have to stay with the same lender when your mortgage renews.
If another lender offers a mortgage that better suits your needs, we can help you understand the costs and benefits of switching and guide you through the process.
The lowest rate isn't always the only consideration. Prepayment privileges, penalties, portability and other mortgage features can also make a significant difference.
Let’s Review Your Renewal
If your mortgage is coming up for renewal, contact us before you sign your lender's offer. We’ll review your options and help you make an informed decision about your next mortgage.
Contact The Home Mortgage Centre today to start your mortgage renewal review. 709-739-6400
Quality First
We take the time to understand your needs, explore your options, and find a mortgage solution that makes sense for you.
Expert Care
With decades of mortgage experience, our team provides knowledgeable advice and personal service from application to closing.
Real Results
We work with a wide range of lenders to find competitive mortgage solutions tailored to your needs and financial goals.