Your life has probably changed since you first took on your mortgage. If you’re renewing, we can help you explore mortgage options to fit your current needs and goals.
LET'S TALK RENEWAL
You may have received a recorded message from us about your mortgage renewal. You can call 604-709-5977 or 1-866-899-6958 toll-free to speak to an advisor, or book an appointment at your convenience.
Our mortgage specialists take the time to understand what’s important to you, so they can look out for your best interests.
Our mortgage specialists work beyond the 9-to-5 and can meet you at your home, at your community branch, or anywhere in between.
We’ll give you the lowest rate within 90 days prior to your mortgage renewal date — guaranteed.
If you have an existing fixed-term fixed-rate mortgage with us, you can renew early and lock-in a blended rateᶲ between your existing rate and today’s rate.
You can start the renewal process up to 90 days prior to your maturity date. We’ll give you a competitive rate, so you’re protected if rates rise. If rates fall lower, you’ll get the lowest rate.
Life may have changed since you set up your initial mortgage. Maybe you got a raise or you’re now paid bi-weekly. Adjust your payment to fit your life right now.
If you need help with options or are ready to renew, book an appointment.
WHERE TO FIND IMPORTANT DETAILS
You can find important details about your mortgage inside your online banking. Navigate to your mortgage from the 'My Accounts' page, then click to expand the 'Account Details' subsection. In this section, you will find account/relationship details, and mortgage information, including: Current Balance, Original Loan, Started on (date), Disbursement Date, Maturing on (date), Interest Rate (current), Length of Current Term, Repayment Type, Payment Schedule, Next Payment Date, and Accrued Interest.
100% of everyday deposits stay in the local and Canadian economy.
30% of profits go to you and fund values-based projects.
75+ years of positive action on climate and inclusion.
Interested in a new mortgage or refinancing? Browse our mortgage specialists to connect with someone in your area.
For general mortgage inquiries or help with renewing your mortgage, book a time that works for you and we’ll give you a call back.
The affordability equation
5 min readView legal details
¤ Only available to members with less than 20% down payment, a residential property with a purchase price under $1,000,000, the amortization is 25 years or less, owner occupied, and who are eligible for and purchase mortgage default insurance. As of August 1, 2024, qualified first-time home buyers purchasing new construction intended for homeowner occupancy, and who are required to purchase mortgage default insurance, will be able to amortize their mortgage over 30 years. CMHC insurance is subject to eligibility conditions, limitations and exclusions. All applicants must meet the Vancity lending criteria. The annual percentage rate (APR), compounded semi-annually, not in advance. The APR is for a mortgage of $100,000 with monthly payments and a 25 year amortization. APR assumes no fees apply. You may be required to pay additional fees which would increase your APR. Rate is subject to change or may be withdrawn without notice at any time.
◊ Some conditions apply. Available to Vancity members on new and renewing mortgages where the mortgage loan-to-value is less than 75% and the amortization is 25 years or less. Must be owner occupied. All applicants must meet the Vancity lending criteria. Rate is subject to change or may be withdrawn without notice at any time.
ᶲTerms and conditions apply. The mortgage blend and extend option lets you renew your mortgage immediately for a new term. Vancity will blend your existing fixed-term fixed-rate interest rate with a new fixed-term fixed-rate interest rate. Your blended mortgage rate will be in between these two interest rates and extends the maturity date for another longer term. No mortgage prepayment penalty fees apply for this blend and extend mortgage option. Member requests for an increased mortgage loan for the new term are subject to meeting Vancity’s lending criteria. Your new interest rate will depend on the circumstances of your mortgage including for example the number of months remaining on your current term, the amortization of your mortgage and the loan to value ratio of your mortgage. Member requests for an increased mortgage loan for the new term are subject to meeting Vancity’s lending criteria. Increases to the mortgage loan may also be subject to mortgage re-advance and property evaluation fees.Your new interest rate will depend on the circumstances of your mortgage including for example the number of months remaining on your current term, the amortization of your mortgage and the loan to value ratio of your mortgage. Member requests for an increased mortgage loan for the new term are subject to meeting Vancity’s lending criteria. Increases to the mortgage loan may also be subject to mortgage re-advance and property evaluation fees.
