Rates Are Changing — Your Strategy Should Too
If your mortgage is up for renewal in 2026, this will not be the year to accept the first offer your lender sends. Many homeowners in BC and Alberta are coming out of historically low-rate mortgages from 2021–2022, and renewal rates today could be much higher — possibly creating financial stress and higher monthly payments.
Why Renewing Without Comparing Options Can Cost You Thousands
Lenders count on convenience. They hope you’ll sign their renewal letter without shopping around. But this could mean paying more than you need to. With a broker like Rampone-Marsh, your renewal rate is compared across multiple lenders — and in many cases, your current lender may match or beat a rate once they know you’re exploring options.
Renewal Is More Than Just a New Rate — It’s a Chance to Reset
2026 is the perfect time to reassess your mortgage strategy. During renewal, you can:
- Switch from variable to fixed (or vice versa)
- Access home equity for renovations, investments, or debt consolidation
- Adjust payment frequency or increase payments to pay off faster
- Choose a lender that aligns with your goals and future plans
Start Early for the Best Results
At Rampone-Marsh Mortgages, we recommend starting your research process 4–6 months before your renewal date. Give us a call to come in/meet online for a free consultation. That gives us time to review your finances, negotiate with lenders, and build a plan that fits your life — not just your loan.
What If You’re Struggling to Afford Your New Payment?
If your renewal payment feels unmanageable, don’t panic—options like extending amortization, switching lenders, or using home equity can help ease the pressure. We are happy to discuss these options and provide you with the information you need.
Ready to renew on your terms? Let’s review your upcoming mortgage needs and make 2026 your smartest financial year yet. Learn more about mortgage renewals here and then call us at (250) 801-8834.
