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Your mortgage renewal and transfer

Your mortgage renewal date is fast approaching? This deadline is the ideal time to improve your financial situation by taking advantage of the new market conditions. 

At Multi-Prêts, we know how interest rates can evolve over the years. By using our services, we will help you determine if your current mortgage meets your needs or if your renewal would be the ideal opportunity to obtain more relevant options.


Early renewal allows you to renew your mortgage up to 6 months in advance, depending on your creditor. Without penalty, this procedure gives you the opportunity to set the new terms of your next term in advance so you can take advantage of a guaranteed interest rate for up to 120 days. 

By taking the time to store around for your renewal a few months earlier, you give yourself the chance to study and compare the different options that may be available to you. You can also accelerate the repayment of your loan so that you can get out of it faster. Whatever your situation, we are able to accompany you in your mortgage renewal process. 

This way, you can be sure that you have access to all the options that could be advantageous to you.

What opportunities will you have

Mortgage renewal offers you several relevant opportunities. Here are some of them:

  • Add a mortgage line of credit to complete one or more projects;
  • Change your rate (from fixed to variable or vice versa);
  • Enjoy a more stable payment by securing your rate over a longer period of time;
  • Increase your prepayment options.

At Multi-Prêts, we take the time to inform you on each of the solutions that may apply to your situation so that you can make the most informed decision possible when you renew or transfer your mortgage.

Time to take stock!

When you start thinking about your mortgage renewal or transfer, it’s also a good time to take stock of your situation and ask yourself a few questions that will help you determine if your repayment formula, for example, is still appropriate or if it should be adjusted. 

Among other things, ask yourself if you plan to sell the property soon, if you want to make major renovations, if you want to buy a second home or if there have been any changes in your financial situation. Finally, ask yourself if you want to accelerate your mortgage payment and if it is feasible. 

Taking stock of your situation and your needs will ensure that your mortgage renewal or transfer always respects your preferences.

Would you opt for a renewal or a transfer?

To determine which option is more advantageous for you, between renewing or transferring your mortgage, you need to consider a few parameters. Transferring will only make sense if the interest rates and term conditions are more beneficial to you, which will save you money over time. 

It is also important not to neglect the terms of your current contract and the administrative fees that will apply if you change lenders (release fees, registration fees, prepayment penalties, etc.).

Why do a transfer?

The main reason for transferring your mortgage is your desire to save money on interest costs, in particular, for the next few years. There are many reasons why you may be tempted by these savings, such as the following:

  • You have a drop in income;
  • You want to save money for a project (wedding, trip, renovations, etc.);
  • You want to take advantage of your prepayment privileges by paying the maximum percentage allowed each year.

At Multi-Prêts, we evaluate with you your situation and your needs so that you can maximize the benefits of your mortgage transfer.

Multi-Loan advantages and the role of the broker

At Multi-Prêts, our mission is to help you find the best possible mortgage loan, with the most advantageous conditions available. 

We accompany you every step of the way, whatever your situation, and we help you save money by comparing offers from multiple financial partners. 

As mortgage brokers, we act as intermediaries between you and your future lender to negotiate your terms and conditions and ensure that you receive all the information that will help you make decisions and achieve your goals.

Compare current rates

Use our calculator or fill out our contact form to compare current mortgage rates and make your choice towards renewal or transfer!

Get your Free and personalized estimate !

Our mortgage brokers work with over 25 financial partners to get you the best offers with the best rates and conditions! All this in less than 24 hours.