Mortgage Renewal Checklist

Mortgage Renewal Checklist

If you are at the tail end of your existing mortgage terms within the next few months, now is the time to shop around. Find out what today’s interest rates look like and get ready to negotiate the best deal. Your Kelowna mortgage broker can offer you a variety of options that suit your needs.

Don’t Take the First Offer From Your Existing Lender

While the paperwork may actually sound like this institution is doing you a huge favour renewing your mortgage at this spectacular rate; be patient. It is important to shift our thinking in terms of renewing our mortgage. Finding out the best current offers doesn’t have to be a headache when an experienced, local mortgage broker is working on your behalf. While the rate offered by your bank might sound appealing; there is a possibility that better potential options exist.

Financial Review

Prior to signing on the dotted line for another year, three or five years in the future, it’s a good idea to review your current income and debt ratios. Perhaps many life changes have occurred since you signed your last mortgage terms. Is there a baby in the picture? Did your schooling or job situation change? Have you paid off a car loan or student loan? Being aware of your current financial standing will help us determine which mortgage product best suits your current lifestyle.

Tell Your Mortgage Lender You Are Shopping Around

Perhaps you have made significant strides in your credit status since you last signed your mortgage. This renewal process can impact your daily financial situation. A difference between a percent or two in terms of which mortgage rates you are eligible for can dramatically influence your bills and overall financial picture. It may be time for celebrating if it is time for a lower rate to be your reality.

New Banking Customers Secure Better Rates Than Existing Customers

It can be disheartening to discover that your bank, whom you have a longstanding relationship with and conduct every financial decision through, does not offer the lowest rates for your mortgage. While it can initially seem like a “no brainer” to simply go to your banking advisor; clients are commonly shocked when they see the results of John Antle Mortgages’ rate quotes. The bank only has one product to offer; while we fish out a variety of different quotes to show you the possibilities. If you needed another reason to explore your mortgage options, we have a variety of solutions beyond the bank.

Determining Your Financial Goals

Our team is devoted to helping you achieve your long term goals. Enjoy options and possibilities that you may not have considered when sticking with traditional banking products. If your goals include paying down your mortgage faster or looking for a rental income to make some headway on your amortization we are happy to discuss all of your options. Your Kelowna Mortgage Broker is able to help you with your first mortgage or renegotiating the terms on an existing property. Call John Antle Mortgages in Kelowna today and let’s get started!


We specialise in offering mortgage solutions that go above and ‘beyond the bank’. This means we are able to provide flexible solutions at great rates, often better than what traditional banks have to offer. Working with a mortgage broker can open up your options, allow for potentially greater solutions for your situation.  We work with a variety clients including first-time buyers, those looking to transition from renting to owning or renewing a mortgage, self-employed business people, as well as investors in rental and/or vacation properties.

For more information about working with a mortgage broker in Kelowna call us direct at (250) 212-8512 

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