Find verified pros in Richmond Hill who understand the specific needs of Ontario residents. Get fast quotes and reliable service from experts who know your neighbourhood. Connect with trusted mortgage renewal providers in Richmond Hill.
Connecting you with top-rated pros in Greater Richmond Hill and nearby.
Compare licensed professionals who can help you review rates, terms, and lender options before your renewal date.
A simple process to review mortgage renewal options and understand your choices before your term ends.
Tell us about your current mortgage, renewal date, and what you’re looking for next. This helps us understand the type of mortgage renewal support you need.
We’ll connect you with licensed mortgage professionals who can share renewal options based on your situation. Review rates, terms, and features at your own pace.
Compare experience, ask questions, and select the mortgage professional who best fits your renewal goals and timeline.
What to expect
A mortgage renewal happens when your current mortgage term ends and you must choose new terms with your existing lender or switch to a different one. Many homeowners are offered a renewal automatically, but accepting it without review may limit your options or flexibility.
Renewal time is a chance to review your interest rate, term length, payment structure, and features such as prepayment options. Comparing offers can help you understand what is available in the current market and whether another lender may better fit your goals.
Mortgage renewal does not always require a full reapplication, but switching lenders may involve qualification checks, legal fees, or appraisal costs. A mortgage professional can explain these factors clearly and help you weigh convenience against potential long-term costs.
Pro Tip
Start reviewing your renewal options at least four months before your term ends.
Many homeowners believe renewal means staying with the same lender, but this is not required. At renewal, you can often renegotiate terms or move your mortgage to another lender offering different rates or features. Options may include changing from a fixed to variable rate, adjusting the term length, or adding flexibility such as prepayment privileges. Reviewing multiple offers helps you understand trade-offs between rate, stability, and long-term cost. A professional comparison can clarify which option aligns best with your financial plans and comfort level.
Lenders often send renewal offers close to the end of your term, which can limit your time to review alternatives. Starting early gives you room to compare rates, ask questions, and prepare paperwork if switching lenders. Early planning can also reduce stress and help avoid automatic renewals that may not reflect current market conditions. Understanding timelines and potential fees ensures you make an informed decision before your renewal deadline.
In Ontario, mortgage brokers and agents are licensed by the Financial Services Regulatory Authority of Ontario (FSRA). Ensure your insurance and real estate professionals are also registered with their respective provincial bodies (RIBO, RECO) to guarantee consumer protection and adherence to provincial standards.
We aim to partner with professionals who meet all regulatory requirements for Ontario, ensuring your peace of mind when selecting a service provider in Richmond Hill.
Learn how mortgage renewals work in Canada and what homeowners should expect.
Livin2
Jan 9, 2026
Maple Ridge Mortgage Group helps homeowners review renewal options with a clear, practical approach focused on long-term planning.
The team works with multiple lenders across Canada, helping clients compare renewal terms, understand costs, and avoid rushed decisions at renewal time.
Their advisors focus on education first, explaining how rates, terms, and features affect payments so homeowners can choose confidently.
Most homeowners can begin reviewing renewal options about 120 days before their mortgage term ends. Starting early gives you time to compare lenders, review terms, and understand any fees if switching.
If you stay with your current lender, requalification is often not required. Switching lenders may involve income and credit checks, which a professional can help you prepare for.
Costs vary based on lender, mortgage size, and whether you switch providers.
based on 18400 reviews
"The advisor explained my renewal options clearly and helped me compare terms without pressure. I felt informed before making a decision. "
"I almost signed my bank’s offer but decided to compare first. The process was simple and gave me better clarity. "
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