Never Blindly Sign a Renewal
Renewals & Refinancing
Most Canadians blindly sign their bank renewal letter. Jay provides a full penalty analysis, rate comparison across 60+ lenders, and a clear recommendation — even if it means staying with your current bank.
Is This Right for You?
You received a renewal letter from your bank and want to know if you can do better
You're carrying high-interest debt on credit cards or lines of credit and want to consolidate into your mortgage
You want to access your home equity for renovations, investing, or other financial goals
You're locked into a mortgage with a rate that no longer reflects the market and want to explore your options
You're approaching renewal and want a professional to negotiate on your behalf
What's Included
Full penalty and cost-to-switch calculation
Rate comparison across 60+ lenders
Honest recommendation — even if it means staying put
Refinance strategy for debt consolidation or renovation
Equity takeout analysis and planning
Seamless transfer process with zero hassle
The Process
How It Works
Free Renewal Review
Send Jay your renewal offer or current mortgage statement. He'll assess your rate, terms, and whether switching lenders makes financial sense.
Penalty & Cost Analysis
Jay calculates your exact prepayment penalty (IRD or 3-month interest) and all costs to switch, so you know the true break-even point.
Market Rate Comparison
Your current offer is compared against rates from 60+ lenders. Jay presents the top options with a clear savings breakdown over your term.
Honest Recommendation
Jay gives you a straight answer — switch, stay, or refinance — with the numbers to back it up. No pressure, no agenda.
Seamless Transfer
If switching, Jay handles the entire transfer process. Your new lender covers most or all legal and appraisal fees in most cases.
Key Details
Lenders Compared
60+
Process Time
2-3 weeks
Response Time
< 24 hrs
Consultation
Free
Documentation
What You'll Need
Current mortgage statement showing balance, rate, maturity date, and lender
Bank renewal offer letter (if received)
Most recent property tax assessment or appraisal
T1 General tax returns (2 years) and Notices of Assessment
Recent pay stubs or proof of income (last 30 days)
Statement of all outstanding debts (credit cards, car loans, lines of credit)
Requirements
Eligibility
Must have an existing mortgage approaching renewal or an active mortgage you want to refinance
Property must be located in Canada with a current appraisal value sufficient to support the new mortgage amount
For refinancing: maximum loan-to-value of 80% of appraised property value
Income must qualify under current stress test rules for the new mortgage amount
Property taxes and condo fees (if applicable) must be current
Calgary & Alberta Advantage
Alberta homeowners have a distinct advantage when it comes to refinancing: no provincial land transfer tax means switching lenders at renewal carries lower friction costs than in provinces like Ontario (where land transfer tax can add thousands to a lender switch) or BC. This makes it easier to move your mortgage to a better rate or product without incurring additional provincial fees. Calgary's housing market has seen steady equity growth in recent years, which means many homeowners have more refinancing room than they realize. Whether you're looking to consolidate debt, fund renovations, or simply secure a better rate at renewal, Jay runs the numbers across 60+ lenders to find the option that genuinely saves you the most — even if that means recommending you stay with your current bank.
Common Questions
Frequently Asked
Ready for Clarity?
Book a free consultation with Jay to discuss renewals & refinancing strategy for your situation.
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