Ottawa Mortgage Renewal

Your renewal is a useful time to review how your mortgage fits your plans for your Ottawa home. Start the conversation before your term ends, especially if your budget, income, or moving plans have changed.

Request a Renewal Conversation Call 613-422-7653

Compare the full offer

Look at the payment, rate, term, prepayment privileges, fees, and flexibility. Ask your current lender for its offer and allow time to compare alternatives. Switching lenders may involve qualification, documentation, and costs. A lower payment from a longer amortization can mean more interest over time.

Bring your property plans into the discussion

Tell the CHARLEBOIS team if you expect to sell, move, renovate, or keep the property as a rental. The mortgage conversation should reflect the timing of those plans. If a sale is possible during the next term, ask a mortgage professional how the terms and potential penalties would affect that decision.

Prepare for the first conversation

• Your renewal date and current mortgage statement.
• The renewal offer, if your lender has sent one.
• Your questions about payments, flexibility, and future property plans.

Use our enquiry form for contact details and a short summary. Arrange a secure way to share financial documents with the team.

Renewal or refinancing?

If you also want to access equity or change the borrowing amount, ask about mortgage refinancing. Review eligibility, costs, and any penalty before choosing a path.

For independent information, see the Financial Consumer Agency of Canada mortgage-renewal guide.

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