Mortgage Renewals in Alberta

Before You Sign Your Bank’s Offer - Get a Second Opinion

Most lenders send renewal offers designed for convenience, not strategy. We review your mortgage, compare market options, and negotiate on your behalf - at no cost to you.

Get a Free Renewal Review

Name *
Email *
Phone
Renewal Date
Rate Offered (if applicable)
Do you have mortgage default insurance?

Why You Shouldn’t Automatically Renew

Don’t Assume Your Bank Is Offering the Best Option

 

When your mortgage comes up for renewal, your lender will send you a rate and ask you to sign. It’s easy - but it may not be your best move.

 

At renewal, you have the opportunity to:

 

  • Secure a more competitive interest rate
  • Adjust your amortization
  • Change from variable to fixed (or vice versa)
  • Access home equity
  • Consolidate debt
  • Restructure your payments

 

Renewal is leverage - if you use it strategically.

We help homeowners across Alberta who are:

 

  • Renewing a mortgage in Edmonton
  • Renewing a mortgage in Calgary
  • Facing higher payments after a low fixed rate
  • Unsure whether to stay with their current lender
  • Looking to refinance at renewal
  • Wanting to explore better rates

 

Whether your mortgage is insured or conventional, we compare multiple lenders to ensure you’re positioned properly.

What Happens at Renewal? Understanding Your Options

 

When your term ends, you are not required to stay with your current lender.

 

You can:

 

  • Accept their offer
  • Negotiate with them
  • Transfer to a new lender (often at no cost)
  • Refinance to access equity

 

We review:

 

  • Your current balance
  • Remaining amortization
  • Prepayment privileges
  • Penalties (if applicable)
  • Long-term financial goals

 

Then we structure the best option, not just the easiest one.

Renewal vs Refinance

Should You Just Renew - or Restructure?

 

Sometimes a simple transfer makes sense.
Sometimes renewal is the ideal time to:

 

  • Consolidate high-interest debt
  • Access equity
  • Fund renovations
  • Improve monthly cash flow
  •  

We assess whether renewal alone is enough, or if a refinance would serve you better.

Why Work With IginlaGroup? A Strategic Approach to Mortgage Renewals.

 

At Iginla Group, we:

 

  • Compare multiple lenders across Canada
  • Negotiate on your behalf
  • Review your mortgage structure - not just your rate
  • Help you avoid costly mistakes
  • Ensure your next term aligns with your long-term goals

 

Renewal is one of the few times you can reposition your mortgage without penalty. It should be handled intentionally.

FAQ

Can I switch lenders at renewal?
Yes - and often at no cost.

 

Is there a penalty to move my mortgage at renewal?
No, if you wait until the term ends.

 

When should I start reviewing my renewal?
Typically 4–6 months before maturity.

 

Do I need to requalify to switch lenders?
Yes, qualification is required, but we guide you through the process.

Renewing This Year?

Before signing anything, get a free second opinion.

 

✔ No obligation
✔ No credit check required for initial review
✔ Clear comparison of your options