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Mortgage Renewal

Time To Renew Your Mortgage? We Can Help Make Sure You Get The Best Rate And Terms On Your Mortgage Renewal!

If you are nearing the end of your mortgage term and are 4 months or less away from your renewal date, you should have already started exploring your renewal options with your current lender and also shop around with other lenders. A renewal is performed when your mortgage term is done and you still have a remaining balance to pay off. The best time to get started on your mortgage renewal process is 120 days (4 months) before the end of your term. This is because many lenders will allow you to renew your mortgage up to 4 months in advance without having to pay a prepayment fee or any other penalties.

What many homeowners don’t realize is that they do not have to stay with the same lender. In fact, in many instances homeowners are able to find a better rate and term if they shop around with different lenders. The expert mortgage agents at Clover Mortgage are here to help you find the best possible rate for the renewal of your mortgage. With over 40 lenders to choose from, Clover will offer you a variety of great options and will help you choose the best option for your personal needs and future goals.

Getting started on your mortgage renewal early will also give you time to analyze your own finances and decide whether you want to switch your terms or switch to a different lender altogether. Depending on the way your life has changed during your previous term, you might be looking for a different mortgage option to better suit your current financial situation. A mortgage renewal gives you the chance to renegotiate the terms of your agreement and adjust your mortgage according to your financial needs. Before your term matures, your mortgage lender will most likely send a renewal offer in the mail outlining the interest rate they are offering and the term. You can show this letter to Clover Mortgage and have our agents hunt for a better rate and solution for your renewal. Please have a look at our mortgage per-approval checklist to see what documents you might be required to prepare in order to apply to renew your mortgage with a new lender.

Call or text us today at 416-674-6222 or toll free at 1-800-673-2230 for a Free No-Obligation Mortgage consultation.

Why Work With Us

Low Rates

*Renewal Rates as low as 2.75%

*Rates are subject to change. Terms & conditions may apply.

Fast Service

We pride ourselves on quick, easy & honest service. Our clients always come first.

Bad Credit

We specialize in dealing with bad credit & bank declines. We turn a “no” into a “YES!”

Easy Application

*No credit checks. No complicated application and no income required!

*Terms & conditions may apply.

Our Customers Love Us

Sandra F.

I was in debt and needed help getting back on track. My mortgage agent at Clover Mortgage helped me get approved for a home equity loan to consolidate all of my debt in one small monthly payment. Now I’m saving over $1,000 a month in interest and am left with less debt and more money in my pocket at the end of each month. Thank you Clover!

David J.

I’m a self employed independent contractor. I earn a decent income, but when I went to the bank to refinance my home, they denied my application telling me that I didn’t have enough “provable” income to qualify for refinancing my home. When I came to Clover I was almost out of hope. My Mortgage Agent at Clover was caring and professional, and help me get a great rate and flexible terms on full refinance. The whole process took less than 48 hours! I was impressed at how quickly and easily they were able to get me the money and home refinance I needed. Thank you Clover Mortgage, I’m recommending you to everyone I know!!

Andrea R.

I had really bad credit, but really wanted to purchase a Condo. When I went to the bank they made me go through a lengthy application process that took weeks, and then they turned me down at the end of it all. When I found Clover Mortgage online, I called them and a friendly Mortgage Agent was able to help me get approved for a mortgage quickly and hassle-free. I got a good rate and now live in a home that I am comfortable in and am able to easily afford my monthly payments.

Ankur R.

I definitely recommend Clover Mortgage to any new home buyer! They were very professional and helped my husband and I get mortgage for our new home at an even better rate than the bank was offering us. They also helped us get the mortgage with a smaller down-payment than the bank demanded from us. Since we did our mortgage with Clover, several of our friends and family members got their from them also, and Clover Mortgage has been able to help all of them, even the ones that were completely turned away and rejected by their banks.

Janet L.

My husband and I found ourselves in a tough situation. Luckily my expert mortgage broker at Clover Mortgage helped us get a fast and easy approval for an amazing rate for refinancing our home. Clover’s service is the best I’ve ever experienced and I’ve been recommending them to all of my family members and friends ever since. Thanks for your help Clover!

Raj I.

I definitely recommend Clover Mortgage to any new home buyer! They were very professional and helped my wife and I get mortgage for our new home at an even better rate than the bank was offering us. They also helped us get the mortgage with a smaller down-payment than the bank demanded from us. Since we did our mortgage with Clover, several of our friends and family members got their from them also, and Clover Mortgage has been able to help all of them, even the ones that were completely turned away and rejected by their banks.