With 1.2 million mortgages up for renewal in Canada in 2025, it’s easy to feel overwhelmed by the news. But don’t worry—your mortgage renewal doesn’t have to be stressful! At One Link Mortgage, we take a strategic approach to ensure your renewal aligns with your financial goals and lifestyle.

Before renewing, we ask key questions to help determine the best path forward:

• How long do you plan to stay in your home?
• Are there any major life changes on the horizon?
• Are you struggling with monthly cash flow?
• Do you have plans for home improvements or renovations?

By addressing these factors, we tailor mortgage solutions to fit your needs. Here are some tools we use to optimize your mortgage renewal:

1) Amortization Adjustments

Extending your amortization period can lower your monthly payments, providing immediate financial relief.

2) Debt Consolidation

Rolling high-interest debt or high monthly loans (such as car loans) into your mortgage can reduce your overall financial burden and free up cash flow.

3) Home Equity Line of Credit (HELOC)

Adding a HELOC can provide financial flexibility for emergencies or future investments, such as purchasing an investment property.

4) Aligning Your Mortgage with Your Goals

If you plan to move within the next year, choosing a variable-rate mortgage may help minimize costly fixed rate penalties when selling your home. A pre-approval can also help determine if moving is financially viable.

Don’t Leave Your Renewal to Chance!

Every mortgage renewal presents an opportunity to optimize your financial situation. Let’s find the best strategy for you! Contact One Link Mortgage today at 204-954-7620 or email us at save@onelinkmortgage.com to discuss your options.

Stay ahead of the game and take control of your mortgage renewal today!