John Antle | Beyond the Bank

Your Kelowna Mortgage Broker

Before Renewing a Mortgage, Contact John Antle to Learn More About Your Options

At the end of your existing mortgage term, your current lender will hope to renew your mortgage. This is the perfect occasion to re-evaluate your mortgage contract and consider other mortgage options with a new lender.

John Antle – Meeting Mortgage Needs in Kelowna and Beyond

If you plan to refinance to a larger mortgage loan in order to renovate, consolidate debt or handle other major expenses, our mortgage brokers can help you find your way. By offering personalized advice that takes all the details of your financial situation into account, we’ll make the mortgage renewal process easy.

Frequently Asked Questions About Renewing Mortgage Conditions

Have questions about mortgage renewals? Want to become mortgage-free faster? Read our frequently asked questions to learn more, or simply complete the contact form to set up an appointment with a John Antle Mortgage Professional.

How long before my mortgage renewal date should I contact my mortgage broker?

It is recommended that you contact your mortgage broker three to four months ahead of your mortgage renewal date. Your mortgage broker will provide you with options and advice on things such as interest rates, payment frequency, prepayment penalties, and other mortgage conditions. Your broker can also provide you with a long-term interest rate hold, which can be highly advantageous when you finally renew your mortgage.

What personal goals should I consider when I renew my mortgage?

Many things can occur over the course of your amortization period that might make you want to review your mortgage payment schedule. Anything from a potential move to changing income or retirement can make your current mortgage situation undesirable. Whether you want to pay off your mortgage sooner or leverage your home equity for new financing from the same lender, a John Antle Mortgage Professional can help you navigate the process.

Is there a way to pay off a large amount on my renewal date?

Yes, this is the ideal time to pay down your mortgage, as your lender will not charge you a prepayment fee penalty at this time. You are free to pay down any amount you wish.

Can I adjust the amount of my mortgage payments on my renewal date?

Yes, when your mortgage renewal date occurs, this is a great time to consider your payment options. Perhaps you wish to increase your payment amount to pay off your mortgage faster or change frequency from monthly payments to bi-weekly payments .

If my mortgage is renewing, is this a good time to look at changing lenders?

Yes, when you are renewing, it is a great time to look at interest rates offered by other financial institutions and lenders. You may be offered a better interest rate and terms with a new lender. Remember, if you decide to switch lenders, your mortgage broker must submit an application for approval.

Can my mortgage renewal be denied?

There could be a situation where your mortgage application for renewal is denied by your lender. For example, if there have been late payments made, your lender could decline to renew your mortgage account. However, if you have made your payments on time and as agreed, there should be no reason to worry.

What can I do if my mortgage renewal is denied?

Contact your mortgage broker who will provide you with advice, and will submit a new application to a different lender. There are options available in Canada for people with an unfavorable credit history. 

Contact Us

    Our Exclusive Suite of Products

    Our team is devoted to helping you achieve your long term goals. If they 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.


    Explore possibilities that you may not have previously considered – you may discover a wealth of new options that exist beyond traditional banking products. As your Kelowna Mortgage Broker, John Antle 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!

    John Antle Mortgage Alliance has access to over 60 of the Top Moneylenders. Let us find the right mortgage to suit your needs!