At Capital360.ca, we’ll shop some of Canada’s leading lenders to compete for your renewal so you can rest assured that we are working hard to help get you a competitive rate matched to the features and benefits suited to your unique needs.

Shopping for the Best Mortgage

You may see a rate advertised with a lender that’s no longer available by the time you apply. What’s more, certain rates are only available to clients with specific needs or credit qualifications. There’s no way for you to know whether an advertised rate is what you’ll end up getting.

Another consideration is that some mortgages with very low rates may not give you the options or flexibility you need.

Transferring to Another Lender

Your Capital360.ca Specialist can evaluate your mortgage needs and determine whether your current mortgage is still the best fit. We’ll also shop your renewal to many of Canada’s leading lenders to help find the deal you want.

Negotiating with Your Current Lender

A lender has incentive to keep you as a client at renewal time, and may contact you prior to your renewal with offers and promotions. If you do your homework on the current product trends and rate markets, you’re in a better position to negotiate the rate and features of your mortgage renewal.

Your Capital360.ca Specialist is already up to date on the most current rates and features of many mortgage products. We also have access to mortgage specialist-only lenders that may not be available to you. We’ll provide you with all of your options, and even negotiate with your current lender on your behalf. It’s our goal to get you a competitive interest rate at renewal on a mortgage that has the features you want.

Early Renewal

Some mortgage products allow the borrower to renew their mortgage early at any time during the term.

A prepayment charge may apply if the borrower:

• Has a closed-term mortgage
• Renews their mortgage before the end of term

Before a client does an early renewal

The client should contact their lender to get details of any prepayment charge or other fees that could be charged for renewing early, and to find out if there are options to capitalize the prepayment charge or if there are any restrictions on what products the client may early renew into.

A Capital360.ca Specialist can shop the market for you and help determine whether, you’ll save money by breaking your current mortgage and renewing early. We’re happy to discuss the possibilities with you.