Term coming up?
Don't auto-renew.
Up to 70% of Canadians simply sign their bank's renewal letter without shopping. That's almost always a mistake. Let us shop your renewal across every lender — quickly, with no obligation.
- BBB Accredited
- No fees, ever
- Licensed Alberta brokers
Get Your Free Estimate
A specialist will review your numbers and email your estimate within 5–10 minutes.
We never pull your credit for this estimate. Your information is never shared or sold. For more information, please refer to our Privacy Policy.
Tell us a bit more
This helps us understand where you're at so we can match you with the right options.
What's your down payment situation?
Choose the option that best matches what you have saved or available.
We never pull your credit for this estimate. Your information is never shared or sold. For more information, please refer to our Privacy Policy.
When are you looking to buy?
This helps us tailor our follow-up to your timeline.
We never pull your credit for this estimate. Your information is never shared or sold. For more information, please refer to our Privacy Policy.
Your Income & Debts
Complete all fields and we'll calculate your result instantly.
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We never pull your credit for this estimate. Your information is never shared or sold. For more information, please refer to our Privacy Policy.
Where should we send your results?
Your estimate will be calculated and sent shortly.
Please complete all fields above.
We DO NOT pull your credit. Your information is used only to reach out to you. No portion is shared with any third party. For more information, please refer to our Privacy Policy.
We'll be in touch shortly to discuss your options. Check your email for a copy of your results.
You're all set!
We've received your information and will be in touch shortly to discuss your mortgage renewal options.
The Skip the Down Payment program — and any mortgage with less than 20% down — requires solid credit history. Here's what good credit looks like and how to build it.
If you don't have any credit history yet, start with secured Visas from Scotia Bank and Home Trust — they're easier to approve for and a great first step. You can track your score for free at www.equifax.ca.
Down payment ranges and what credit you'll need
- 0–4% down: excellent credit, score above 680
- 5–9% down: score of 620+, no late payments or collections in the last 2 years
- 10–19% down: score of 580+, no recent late payments or collections
- 20%+ down: multiple lenders available depending on your interest rate tolerance
Tips to bump up your credit score
- If you've missed payments, try to open or maintain three credit accounts with perfect repayment going forward. (Student loans don't count.)
- Re-establishing payment history typically takes:
- ~12 months for one missed payment
- 2–3 years for 60- or 90-day late payments
- 3+ years for written-off debts (excluding minor collections like cell phone bills)
- Consumer proposals and orderly payment of debt are treated like a bankruptcy for mortgage purposes — wait times are significantly longer.
- Keep credit utilization low. Utilization is the ratio of balance to total credit limit. 30% or under is ideal.
- If you plan to purchase a home within 24 months, do not finance a vehicle purchase — the high utilization of that debt will reduce your score and your mortgage approval chances.
Why closing cards can hurt you
Say you have these accounts:
| Account | Limit | Balance |
|---|---|---|
| Credit Card A | $15,000 | $0 |
| Credit Card B | $10,000 | $0 |
| Credit Card C | $5,000 | $4,000 |
| Loan (orig. $20,000) | $20,000 | $17,000 |
Total utilization: $21,000 balance ÷ $50,000 total limit = 42% — that's healthy.
Now close Cards A and B (because you don't use them). New utilization: $21,000 ÷ $25,000 = 84% — that's bad. Your credit score could drop 50 points overnight.
Your bank is counting on you to not shop
Banks know that most people will sign whatever renewal letter they receive — partly out of inertia, partly because shopping a mortgage feels intimidating. So banks routinely send renewal offers at rates noticeably higher than what new customers would get.
We shop your renewal across the entire market. If your existing lender's offer is genuinely competitive, we'll tell you so honestly. If it isn't — which is usually the case — we'll get you a real quote from a real lender, often saving thousands over a 5-year term.
Right fit checklist
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Within 6 months of maturity. The earlier you shop, the more leverage. Many lenders will hold a rate for up to 120 days while we negotiate.
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Past renewals you regret. If you signed your last renewal at the bank's posted offer, the next one doesn't have to follow that pattern.
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Considering an early break. If your existing rate is well above market, the early-break penalty is sometimes worth paying — we can run the numbers.
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Wanting to combine with refinance. Renewal time is the cleanest moment to also pull out equity, consolidate debt, or remove a co-signer. No penalty involved.
Three steps to a quote
Send us your renewal letter
Forward us the letter your bank sent. We benchmark it against what's actually available in the market.
Get our recommendation
If your bank's offer is fair, we'll say so. If it isn't, we'll give you a real quote from a competing lender.
Switch or stay
Choose what's best for you. If you switch, we handle every detail — your lawyer-free switch is usually paid for by the new lender.
Why most renewals end up switching
Better rates
Posted renewal rates from major banks are often 0.50-1.00% higher than what's available in the broader market.
Penalty-free switching
On most renewals, the new lender absorbs all switch costs — appraisal, legal, discharge fees. Out-of-pocket cost: zero.
Better products
Brokers can offer features your bank doesn't — better prepayment privileges, fairer break penalties, more flexible re-advanceable structures.
Negotiating leverage
Even if you ultimately stay with your bank, having a real outside offer in hand is the only way to make them sharpen their pencil.