Mortgage Renewal Broker in the GTA
Looking for a mortgage renewal broker GTA homeowners trust to save thousands at renewal time? 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.
Mortgage Renewal FAQ
When should I start shopping for my mortgage renewal?
Start 120 days before your maturity date. This gives your mortgage renewal broker GTA enough time to shop rates, negotiate terms, and switch lenders if needed — all without triggering a prepayment penalty.
Should I just sign my bank’s renewal offer?
Almost never. Banks count on you signing the renewal slip without shopping around. In most cases, I can save you 0.15%–0.50% just by running your file through my lender network. On a $500K mortgage, that’s $750–$2,500 per year.
Can I switch lenders at renewal?
Yes, and it’s often free. At maturity, you can move your mortgage to a new lender without penalty. I handle the entire transfer so it’s seamless.
Related Services
Homeowners exploring mortgage renewal broker GTA services also benefit from:
- Mortgage Refinancing — If your needs have changed since your last term, renewal is the perfect time to refinance and restructure.
- HELOC — Adding a HELOC at renewal can give you flexible access to your equity without increasing your mortgage payment.
- Mortgage Pre-Approval — Thinking of selling and buying? Get pre-approved for your next purchase while we handle your current renewal.
Get the Mortgage Renewal Guide — Free
An Ontario 2026 plain-English breakdown of fixed vs. variable, early-renewal penalties, and a maturity-date checklist so your bank does not get to set the terms.