{"id":287,"date":"2019-01-09T22:46:54","date_gmt":"2019-01-09T22:46:54","guid":{"rendered":"https:\/\/completemortgageservices.com\/?page_id=287"},"modified":"2026-04-13T20:33:24","modified_gmt":"2026-04-13T20:33:24","slug":"mortgage-renewal","status":"publish","type":"page","link":"https:\/\/completemortgageservices.com\/?page_id=287","title":{"rendered":"Mortgage Renewal"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"287\" class=\"elementor elementor-287\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-73eeb96 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"73eeb96\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-827bdfb\" data-id=\"827bdfb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af70937 elementor-widget elementor-widget-image\" data-id=\"af70937\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/completemortgageservices.com\/wp-content\/uploads\/2026\/03\/dreamstimefree_18759098-800x450.jpg\" class=\"attachment-ocean-thumb-ml size-ocean-thumb-ml wp-image-701\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ea5feba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ea5feba\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-38949f0\" data-id=\"38949f0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3610b2a elementor-widget elementor-widget-text-editor\" data-id=\"3610b2a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Should I Just Sign My Lender\u2019s Renewal Offer?<\/strong><\/p><p>No, contact your mortgage broker first to explore your options and ensure your choosing the best mortgage for your needs.<\/p><p><strong>What happens when my mortgage comes up for renewal?<\/strong><\/p><p>When your mortgage term ends, your lender will typically send you a renewal offer in the mail or by email. It may look quick and convenient to simply sign the paperwork and send it back.<\/p><p>But in many cases, this renewal offer isn\u2019t the most competitive option available to you.<\/p><p>This is the perfect time to review your mortgage and make sure it still fits your goals and financial situation.<\/p><p><strong>Why should I talk to a mortgage broker before renewing?<\/strong><\/p><p>A mortgage broker works for you\u2014not the bank.<\/p><p>Instead of being limited to one lender\u2019s products, a broker can compare rates, features, and strategies from multiple lenders across the market. This helps ensure you\u2019re not overpaying or missing opportunities that could improve your financial situation.<\/p><p>Even if you ultimately stay with your current lender, a broker can confirm that you\u2019re getting the best possible deal.<\/p><p><strong>Is my lender\u2019s renewal rate usually the best rate available?<\/strong><\/p><p>Not always.<\/p><p>Lenders often send renewal offers at rates that are higher than what is available to new customers. Many homeowners sign these offers simply because it\u2019s easy and doesn\u2019t require any paperwork.<\/p><p>By reviewing your mortgage before renewing, you may be able to secure a lower rate or better terms.<\/p><p><strong>Can a broker help me access equity when I renew?<\/strong><\/p><p>Yes.<\/p><p>Renewal is one of the easiest times to restructure your mortgage if you want to access equity in your home. This could allow you to:<\/p><ul><li>Consolidate higher-interest debt<\/li><li>Fund home renovations<\/li><li>Help children with education or a down payment<\/li><li>Invest in another property<\/li><\/ul><p>A broker can help you structure the mortgage in a way that aligns with your long-term financial goals.<\/p><p><strong>Can I change lenders when I renew my mortgage?<\/strong><\/p><p>Absolutely.<\/p><p>Your mortgage renewal is one of the easiest times to switch lenders because there are typically <strong>no penalties<\/strong> involved when your term ends.<\/p><p>A broker can handle the comparison, paperwork, and coordination to make the process smooth and stress-free if switching lenders makes sense.<\/p><p><strong>What if I\u2019m happy with my current lender?<\/strong><\/p><p>That\u2019s great\u2014and staying with your current lender may still be the best option.<\/p><p>The difference is that by working with a broker, you\u2019ll know you\u2019re making an informed decision. Your broker can review the offer, negotiate on your behalf, and confirm that the terms are competitive.<\/p><p><strong>Does it cost anything to use a mortgage broker for my renewal?<\/strong><\/p><p>In most cases, no.<\/p><p>Mortgage brokers are typically paid by the lender when a mortgage is funded, so there is usually no cost to you for their service. What you gain is access to advice, options, and expertise that could potentially save you thousands over the life of your mortgage.<\/p><p><strong>What should I do before signing my renewal offer?<\/strong><\/p><p>Before signing your lender\u2019s renewal paperwork, it\u2019s worth having a quick review of your options.<\/p><p>A short conversation can help confirm whether the offer you received is competitive\u2014or if there are better opportunities available.<\/p><p><strong>Your mortgage renewal is one of the easiest opportunities to improve your mortgage without penalties or major changes.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f4a4b22 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f4a4b22\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8c9fad0\" data-id=\"8c9fad0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c962da1 elementor-widget elementor-widget-spacer\" data-id=\"c962da1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af9ce11 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"af9ce11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/completemortgageservices.com\/?page_id=110\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply Now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a1ee723\" data-id=\"a1ee723\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8fc3232 elementor-widget elementor-widget-spacer\" data-id=\"8fc3232\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6505f2f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6505f2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/completemortgageservices.com\/mortgage-calculators\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Mortgage Tools<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Should I Just Sign My Lender\u2019s Renewal Offer? No, contact your mortgage broker first to explore your options and ensure your choosing the best mortgage for your needs. What happens when my mortgage comes up for renewal? When your mortgage term ends, your lender will typically send you a renewal offer in the mail or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"ocean_post_layout":"full-width","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","footnotes":""},"class_list":["post-287","page","type-page","status-publish","hentry","entry"],"_links":{"self":[{"href":"https:\/\/completemortgageservices.com\/index.php?rest_route=\/wp\/v2\/pages\/287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/completemortgageservices.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/completemortgageservices.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/completemortgageservices.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/completemortgageservices.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=287"}],"version-history":[{"count":24,"href":"https:\/\/completemortgageservices.com\/index.php?rest_route=\/wp\/v2\/pages\/287\/revisions"}],"predecessor-version":[{"id":795,"href":"https:\/\/completemortgageservices.com\/index.php?rest_route=\/wp\/v2\/pages\/287\/revisions\/795"}],"wp:attachment":[{"href":"https:\/\/completemortgageservices.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}