Yearly Mortgage Review

As we embrace the opportunities of the new year, our team at Canadian Mortgage Professionals is here to ensure your mortgage works as hard as you do.

A yearly mortgage review can make all the difference in reaching your financial goals. Here’s why:

Re-Evaluate Your Mortgage Rate

Mortgage rates can fluctuate significantly, and market trends may have shifted since you locked in your rate.

Could you save by switching to a lower rate?
Would a variable or fixed rate better suit your current needs?
Are there opportunities for prepayment privileges to reduce your term?

Our team can help you assess if a change could save you money or provide greater flexibility.

Maximize Your Renewal Options

If your renewal is coming up, it’s time to strategize. Don’t settle for your lender’s first offer. With our help, you can:

Shop around for better rates or terms.
Prepare for the possibility of declining rates.
Use prepayments or refinancing to reduce your monthly obligations.

Let’s review your renewal options together to find what works best for you.

Access Equity for Home Improvements or Debt Consolidation

Your home is more than a place to live—it’s a powerful financial tool. Accessing your equity through refinancing or a HELOC could:

Fund home upgrades or energy-efficient systems.
Consolidate high-interest debt into a manageable, lower-interest mortgage.
Create more breathing room in your budget for financial peace of mind.

Reduce Debt Stress

With consumer debt on the rise, rolling multiple debts into your mortgage can:

Lower your overall interest payments.
Help improve your credit score.
Streamline your finances with one predictable payment.

We’ll walk you through the numbers and create a strategy that makes sense for you.

Take Advantage of New Rules for First-Time Buyers and Beyond

With recent changes to mortgage regulations, many homeowners and buyers now have more opportunities:

Extended Amortizations: First-time buyers with insured mortgages can stretch their payments over 30 years.
Higher Caps: Buyers in high-cost markets like Toronto and Vancouver can now purchase homes up to $1.5 million with an insured mortgage.

These updates could open new doors for homeownership or upgrades.

Pay Off Your Mortgage Faster

Looking to be mortgage-free sooner? Small changes can yield big results:

Increase your payment frequency to weekly or bi-weekly.
Make lump-sum payments using prepayment privileges.
Plan to reduce your balance ahead of your renewal.

Let’s craft a plan that helps you save thousands on interest over time.

Adapt to Lifestyle Changes

Considering a major life move? Whether you’re upsizing, downsizing, or investing in a rental property, it pays to plan ahead. A mortgage review can:

Help you understand what you can afford.
Clarify down payment requirements.
Provide insight into the best rates and terms for your goals.

Understand Your Mortgage Fine Print

Restrictions in your current mortgage agreement could limit your flexibility. We’ll uncover potential penalties or hidden fees and determine if switching products could save you money and offer more freedom.

Let’s Make 2025 Your Financial Year

A mortgage review with our experts can reveal valuable opportunities to save, reduce stress, and plan for the future. Even if no changes are needed, you’ll gain peace of mind knowing your mortgage is optimized for your goals.

Reach out to us today for your 2025 mortgage review. We’re here to help every step of the way.