When the time comes to renew your mortgage, it’s best to do it as soon as possible so you can benefit from a guaranteed rate, regardless of market fluctuations.

If you start the mortgage renewal process up to 6 months before your maturity date, your advisor will be able to determine the best possible rate for you. You can maintain this rate without incurring any penalties. For example, if the interest rate eventually falls, you can adjust your rate downwards. However, if it rises, you can maintain your original guaranteed rate.