Mortgage Renewal Alberta & Saskatchewan

Renew Your Home Mortgage with Confidence

Mortgage renew AlbertaMost mortgages are paid off over 25 years, but the mortgage terms are generally 5 years (more or less).  This means that your mortgage will generally come up for renewal 4 or more times before it is paid off. 

You probably shopped around for the best mortgage when you bought your home, but many people do not realize they need to shop around for the mortgage renewal as well. 

In fact, most homeowners simply sign the renewal card sent by their bank, thinking that this will be their best deal. 

Actually, it rarely is! 

Signing that renewal card could end up costing you hundreds or even thousands in interest over the term of your mortgage.

Renew Your Mortgage

You are not required to renew your mortgage with same financial institution that issued the first term of your mortgage.  Kincaid Mortgages can shop around to find you a better deal – especially with the current low interest rates.  You may want to lock in a fixed mortgage to take advantage of these low rates before they rise again.  We can sit down with you; look at your finances, your personal preferences and your future goals to determine the best home loan for your needs.

Mortgage Renewal - Refinancing

Mortgage renewal in Alberta and Saskatoon, SaskatchewanRenew for a Higher Amount

Perhaps you are planning some big home renovations, have some debts to pay, or are financing an education, trip or other big expense.  In that case, you may want to renew your mortgage for a higher amount, taking out some of the equity in your home to pay for these expenses.  The benefit to doing this is you will save money compared to non secured loans, credit cards, etc., since the rates are lower for secured financing