Val Thibault | Your Cranbook Mortgage Broker
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When your mortgage is coming up for renewal — or you’re thinking about refinancing — it’s easy to feel unsure about what to do next.
Should you just sign the renewal offer your lender sent?
Is refinancing worth it?
Could you be saving money… or creating more stress than it’s worth?
As a mortgage broker in Cranbrook, my role is to help you understand your options clearly so you can make a decision that supports your current life, not just your lender’s default offer.
These two terms get used interchangeably, but they’re not the same.
A renewal happens when your current mortgage term ends and you choose a new term — often with the same lender.
At renewal, you can:
Accept your lender’s offer
Negotiate different terms
Switch lenders if a better option exists
Many people don’t realize they have options here — and that’s where I can help.
Refinancing means changing your mortgage before the end of the term, or restructuring it to better fit your needs.
People refinance to:
Access equity for renovations or other goals
Consolidate debt
Lower monthly payments
Adjust their mortgage as life changes
We’ll look at whether refinancing actually makes sense for you — including any penalties or costs — before moving forward.
How to understand what you can afford without maxing yourself out.
You don’t need to wait until the last minute to start the conversation.
It’s a good idea to review your mortgage if:
Your renewal is coming up in the next 6–12 months
Your income or family situation has changed
You’re carrying higher-interest debt
You’re planning renovations or a major purchase
You’re simply unsure if your current mortgage still fits
Even a quick review can bring clarity — and sometimes savings.
When you work with me, I help you:
Understand your current mortgage terms
Review renewal offers before you sign
Compare options across multiple lenders
Decide if refinancing is worth it (or not)
Make a choice that fits your goals and comfort level
My approach is always honest and no-pressure. If staying exactly where you are makes the most sense, I’ll tell you that too.
Not necessarily.
While renewals can feel simple, they’re also a missed opportunity for many homeowners. Lenders often send out renewal offers that are convenient — but not always competitive or flexible.
Before signing anything, it’s worth asking:
Is this rate competitive?
Are the terms still right for me?
Would switching lenders improve my situation?
Am I missing an opportunity to save or restructure?
A quick conversation can help you answer those questions with confidence.
Refinancing can be a powerful tool — when it’s used intentionally.
Together, we’ll look at:
Your goals
Your current mortgage
Any costs or penalties involved
The short- and long-term impact
The goal isn’t to refinance just because you can — it’s to refinance only if it genuinely supports where you’re headed.
Your questions about renewing or refinancing your mortgage in Cranbrook
Ideally 6–12 months before your term ends. That gives us time to explore options without pressure.
Sometimes there are penalties or fees involved. I’ll walk you through those upfront so there are no surprises.
Yes — and it’s more common than you might think. We’ll look at options that fit your current situation.
Not always. Sometimes staying put makes sense. Sometimes it doesn’t. We’ll look at both.