When it’s time to renew your mortgage, it can feel overwhelming, stressful, and time-consuming because there are many factors to consider and options available to you. That’s where we come in – to simplify the process and help you get the best possible deal.

Mortgage renewal is a wonderful way to improve your situation because you can renegotiate everything pertaining to your mortgage – with no penalties. This makes your mortgage renewal such an important moment of opportunity. You may be able to achieve these benefits –

1. Have lenders compete for your business
2. Lower your monthly payment
3. Save thousands in interest
4. Lower the fees you’d have to pay should you need to get out of your mortgage early
5. Change your type of mortgage and payment schedule
6. Access your home equity to pay off debts or to finance renovations
7. Pay off your mortgage faster in the long run

Every individual’s needs are unique, and that’s why we offer personalized payment plans to fit your lifestyle and budget. We work with over fifty different lenders to ensure that you receive the lowest mortgage renewal rates possible and are available to provide you with reliable and honest guidance throughout the process.

We take pride in being a top-rated mortgage broker in Mississauga, Toronto, and the GTA. Our clients have spoken and have continuously rated us highly for our excellent customer service, competitive interest rates, and quick and straightforward application process. When it comes to renewing your mortgage, we prioritize ensuring that you receive the best possible outcome.

With Joe Purewal Mortgage Broker, you can have peace of mind knowing that you’re in capable hands. Our team of professionals has years of experience in the mortgage industry, and we have helped countless individuals easily renew their mortgages.

Ready to renew your mortgage? As soon as you receive a letter or call from your lender about your renewal, that’s when you should schedule a consultation with us, your Toronto, GTA, and, Mississauga mortgage renewal experts, to learn more about how we can help. Or get in touch even earlier so we can review your financial and credit situation to make sure you can switch lenders for a better deal.

We look forward to helping you secure the best possible outcome for your mortgage renewal!


Q: Do I have to complete my mortgage renewal with my current lender?

A: No, you do not have to renew your mortgage with your current lender. You can shop around and compare mortgage rates and terms from other lenders to find the best deal for you. If you move to a new lender, you will have to be qualified by them and pass the stress test. If you can’t qualify at another lender, you may have to accept your lender’s best offer, which we can help you negotiate.

Q: How can I save money when renewing my mortgage?

A: You can save money when renewing your mortgage by negotiating for a lower interest rate than what your current lender is offering, reducing your early discharge penalty, using your home equity to pay off high-interest debt, or paying off your mortgage faster by putting down a lump sum or increasing your payments. It’s important to shop around and compare rates and terms from different lenders to find the best mortgage renewal deal.

Q: Can I change my mortgage type when renewing my mortgage?

A: Yes, you can change your mortgage type when renewing your mortgage. For example, you can switch from a variable-rate mortgage to a fixed-rate mortgage or vice versa. It’s important to weigh the pros and cons of each type of mortgage and choose the one that fits your needs and goals. You can also adjust your amortization period and possibly take equity out for debt consolidation or other needs.

Q: What mortgage renewal documentation will I need to provide?

A: If you move your mortgage to a new lender, you’ll need to provide documentation like when you first got your mortgage, such as income verification, proof of employment, and bank statements. It’s advisable to gather these documents in advance to ensure a smooth renewal process.

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