Mortgage Renewal Broker in the GTA
Your bank’s renewal letter is a negotiation starting point, not a finish line.
Your mortgage is coming up for renewal and your bank just sent you a letter with a rate. Here’s what they don’t tell you: that rate is almost never the best rate they can offer — and it’s definitely not the best rate in the market. Banks count on 70%+ of customers signing the renewal letter without shopping. Don’t be one of them.
I’m Kevin Singh Dhaliwal, a GTA mortgage broker with 12+ years of experience. I’ll shop your renewal across my full lender network and either get you a much better deal, or confirm your current bank’s offer is actually fair. Either way, you’ll know.
What Your Bank Isn’t Telling You
- The renewal rate they quoted is usually 0.25%–1.00% higher than what they’d offer a new customer
- You have no obligation to renew with them — switching lenders at renewal has zero penalty
- Other lenders will often cover your legal and appraisal costs to win your business
- You can restructure (extend amortization, take equity out, change to variable) at renewal with no penalty
- A broker can run the comparison for free — you don’t pay a dime
Use Renewal to Do More Than Just Renew
- Pull out equity for renovations, a rental property, or debt consolidation
- Consolidate credit card or line-of-credit debt into your mortgage at a much lower rate
- Change amortization to lower monthly payments (or shorten to pay off faster)
- Switch between fixed and variable based on today’s market, not yours from 5 years ago
- Add a HELOC alongside your new mortgage for ongoing flexibility
Renewal is the one moment every 3–5 years when you can restructure for free. Use it.
Why Work With Me
- 12+ years as an active GTA mortgage broker
- Access to every major bank, credit union, and monoline lender — rates competed for your file
- Honest advice on whether switching is worth it or your current offer is actually fine
- Strategy for using renewal to improve cash flow, not just extend the status quo
- No cost to you — brokers are paid by the lender, not the borrower
My Process
- Discovery call — 20 minutes, no cost. Tell me when your renewal date is and share your bank’s offer.
- Market comparison — I shop your file to 3–5 lenders and present you the best offer alongside your bank’s.
- Strategy check — I ask what’s changed in your life (income, goals, debts) and recommend adjustments if they make sense.
- Switch or stay — If switching wins, I handle the paperwork. If your bank’s offer is best, I tell you to take it.