Mortgage Renewal in Toronto
Smart Mortgage Renewal Options for Toronto, Richmond Hill & the Entire GTA
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O
Esi Ghassemi - Mortgage Broker at Centum Financial Services Limited Partnership - Brokerage # 13054
Secure the Best Terms for Your Mortgage Renewal
Is your mortgage term coming to an end? Don’t settle for your current lender’s first offer. Mortgage renewal is an opportunity to reassess your financial goals, negotiate better terms, and even switch lenders for a more favorable deal. At Esi.Mortgage, we specialize in guiding clients across Toronto, Richmond Hill, and the Greater Toronto Area (GTA) through the renewal process to ensure they secure the best options.

What is Mortgage Renewal?
When your mortgage term expires, you must either pay off the balance in full or renew the mortgage for another term. Mortgage renewal gives you the chance to:
- Renegotiate your interest rate.
- Adjust your payment schedule.
- Change the terms of your mortgage.
- Switch lenders for better benefits.
Why Explore Your Options at Renewal?
Your current lender’s renewal offer might not be the best deal available. Exploring your options can:
Save Money
Secure a lower interest rate to reduce your monthly payments.
Gain Flexibility
Adjust your mortgage terms to better suit your financial needs.
Access Equity
Use renewal as an opportunity to refinance and access home equity.
Find Better Features
Switch to a lender offering more flexible prepayment options or other benefits.
How Esi.Mortgage Can Help
At Esi.Mortgage, we make the renewal process simple and rewarding. Here’s how we help:
Competitive Rate Analysis:
- Compare offers from multiple lenders.
- Negotiate on your behalf to secure the lowest possible rate.
Customized Solutions:
- Tailor your renewal to align with your financial goals.
- Explore options like refinancing or debt consolidation during renewal.
Seamless Transition:
- Handle all paperwork and logistics to ensure a smooth renewal process.
- Provide expert advice on penalties and fees if switching lenders.
Expert Guidance:
- Offer insights into market trends and rate forecasts.
- Help you maximize savings and benefits.

When Should You Start the Renewal Process?
Start reviewing your mortgage renewal options at least 120 days before your term ends. This allows ample time to:
Research and compare rates.
Negotiate with your current lender.
Switch to a new lender if needed.
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Why Choose Esi.Mortgage?
With extensive experience in Toronto, Richmond Hill, and the GTA, we’re committed to helping you make the most of your mortgage renewal. Our personalized approach ensures you get the best rates, terms, and overall value.
Transparent & Efficient Process
From pre-approval to closing, I provide clear guidance at every step. I aim to simplify the mortgage journey and empower you with the right financial decisions.
Client-First Approach
I work for you, not the banks. I prioritize securing the most competitive mortgage rates and terms while ensuring a smooth and stress-free process.
Personalized Mortgage Solutions
No two financial situations are the same. I focus on crafting customized mortgage strategies to align with your short-term and long-term goals.
Access to a Wide Network of Lenders
From major banks and credit unions to private lenders, I have the connections and expertise to find the best mortgage solutions tailored to your financial needs.
Industry Expertise & Experience
With over nine years in the mortgage industry, I bring a wealth of knowledge and insights to help clients navigate the complexities of home financing.
Case Study
Mortgage Renewal with a Better Rate in Ontario
The Goal
A couple in Mississauga had a mortgage renewal coming up on their $850,000 home. Their current lender offered a renewal rate of 6.49%, significantly increasing their monthly payments. They wanted to secure a lower rate while avoiding unnecessary penalties or fees
The Challenges
- Rising Interest Rates → Limited options for securing a competitive fixed rate
- Bank’s Limited Offers → Current lender wasn’t offering the best rates
- Credit Score Impact → One borrower’s credit score dropped to 678, limiting choices


The Solution
Negotiated with multiple lenders to secure a lower 5-year fixed rate at 5.39%
Provided a smooth renewal process with no refinancing penalties
Used a lender that accepted one borrower’s lower credit score (678) while factoring in the other’s strong score (745)
The Outcome
Final Mortgage:
$600,000 @ 5.39% (5-year fixed)
New Monthly Payment:
~$3,625 (vs. $3,950 at the original offer)
Savings Over 5 Years:
$19,500 in interest costs
Renewal Approved in 6 Days
Why Work with Esi.Mortgage?
- We negotiate better rates with multiple lenders
- Flexible options, even with credit challenges
- Smooth, penalty-free mortgage renewal process
125+ Five-Star Reviews (4.9 Rating)
Trusted by GTA Homeowners!
Daniel HosseinzadehTrustindex verifies that the original source of the review is Google. I can’t say enough good things about my experience with Esi as my mortgage broker. From day one, Esi was genuinely invested in finding the best solution for me, not just pushing me into a typical deal. He took the time to understand my situation and explained all the options in a way that made sense. His communication was always clear and timely—he was never too busy to answer my questions, no matter how small. What really stood out was his ability to simplify the whole process and make it feel less stressful. Esi is the kind of professional who truly goes above and beyond, and I wouldn’t hesitate to recommend him to anyone looking for a broker who cares and knows his stuff! Aidin ArbabiTrustindex verifies that the original source of the review is Google. Very satisfied with the service. Everything went well as promised without any stress. 100% recommended! Hadi KomeylianTrustindex verifies that the original source of the review is Google. Essie is incredibly reliable and hardworking. He’s straightforward, efficient, and takes the stress out of the process. His diligence and ability to handle complex situations with ease are unmatched. I wouldn’t think twice about working with him again or recommending him to others. Soheil TalebiTrustindex verifies that the original source of the review is Google. I recently collaborated with Esi on several deals and was thoroughly impressed with the results. He is knowledgeable, professional, and trustworthy in his work. You can rely on him for any mortgage-related needs, as his honesty is unwavering. Highly recommended! helia shamsTrustindex verifies that the original source of the review is Google. Exceptional Mortgage Broker. Esi made the entire mortgage process smooth and stress-free. They were professional, knowledgeable, and always available to answer my questions. Their expertise helped me secure a great deal tailored to my needs. I highly recommend Esi to anyone looking for a trustworthy and efficient mortgage broker. Syuzanna HarutyunyanTrustindex verifies that the original source of the review is Google. It was a pleasure working with Essi! Very knowledgeable mortgage broker who helped me prepare for my upcoming closings. Highly recommend! Behzad SharifiTrustindex verifies that the original source of the review is Google. I recently had the pleasure of working with Esi to secure a second mortgage, and I couldn’t be more satisfied with experience. From start to finish, Esi demonstrated exceptional professionalism, expertise, and dedication, thanks a lot NuBNB CanadaTrustindex verifies that the original source of the review is Google. Amazing mortgage broker! Really knows what to do. Highly recommended! aliTrustindex verifies that the original source of the review is Google. Professional, positive and reliable, My experience was excellent
Frequently Asked Questions
What happens if I don’t renew my mortgage on time?
If you don’t renew, your lender may transfer your mortgage to an open term at a higher interest rate. It’s best to renew before your term expires.
Can I switch lenders during the renewal process?
Yes, switching lenders at renewal is common and often cost-effective. We help you evaluate options and handle the transition seamlessly.
How early can I start the renewal process?
Most lenders allow you to renew up to 120 days before your mortgage term ends. This is a great time to explore your options.
Are there fees for switching lenders at renewal?
Some lenders may cover transfer fees as an incentive. We’ll help you understand any costs and negotiate the best deal.
Can I refinance my mortgage during renewal?
Yes, refinancing at renewal is an excellent way to access home equity or consolidate debt. We’ll guide you through the process.