Mortgage renewal

Your renewal is an opportunity to review the mortgage

Your current lender’s offer may be convenient, but it is not your only option. Before signing, compare the payment, term, flexibility and total borrowing cost, and determine whether renewing, switching or refinancing better fits what you need next.

Review my renewal optionsWhat should I compare?

Three paths to consider

Renew

Accept a new term with your current lender. This may be the simplest option, but the offer should still be reviewed.

Switch

Move the remaining mortgage to another lender at maturity. Approval and certain conditions may apply.

Before you sign the renewal offer

Compare more than the rate. Term length, prepayment privileges, penalties, portability, payment flexibility and your plans for the property can all affect which option fits.

Review my renewal options

Share a few details about your current mortgage and renewal timing. Athena can help you understand the offer and whether renewing, switching or refinancing is worth exploring. This is not a mortgage application or approval.

1.Renewal timing
Have you received a renewal offer?
2.Current mortgage
3.What you need
What would you like help reviewing?
4.Contact details
Preferred contact method

Please do not include Social Insurance Numbers, banking credentials or identification documents. Athena will provide a secure method if documents are required.

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Useful while reviewing your renewal

Compare Mortgage OptionsCompare up to three mortgage choices side by side.Monthly Mortgage PaymentEstimate the payment for a mortgage amount, rate and amortization.Refinance and Equity Take-Out EstimateEstimate how much equity may be available if you need additional funds.