Why renew your mortgage with RMG Mortgages
What is a mortgage renewal? When your
current mortgage term ends, you can renew
for another term of your choosing – quickly
and easily with RMG.
A wide range of mortgage products
Renewal is an excellent time to reassess what you need out of your mortgage. At RMG, we have a wide range of fixed-rate and adjustable rate mortgages to meet your needs.
We make it easy
RMG will send you a renewal agreement before your renewal date – all you need to do is select the term and rate that’s best for you.
Dedicated Mortgage Renewal Specialists
Have questions? Need some advice? RMG has a team of Mortgage Renewal Specialists dedicated to looking after your specific mortgage renewal needs.
Renewing Your Mortgage with RMG
You will get introduced to your Renewal Specialist
1
About 90 days before your mortgage term ends, you will receive a letter by mail or via
MyRMG introducing you to your Renewal Specialist.
Interested in renewing your mortgage early? Give your Renewal Specialist a call!
We’ll send you a Renewal Agreement
2
RMG will send you a renewal agreement with your interest rate and payment options
approximately 30 days before your renewal date.
Choose your rate and term – or give us a call
3
Mail, fax or email the completed renewal offer back to us.
Or, contact your Renewal Specialist by phone at 1-866-809-5800 or request form.
Your mortgage is renewed!
4
It’s just that easy.
RMG Mortgage Products
If you’re looking for a new mortgage option, RMG Mortgages offers a variety of products and
programs to fit the diverse needs of Canadian homeowners. Explore our solutions!
Fixed Rate Mortgage
Feel secure knowing your mortgage payments
won’t change throughout your term.
Adjustable Rate Mortgage
Take advantage of the potential savings that come with an adjustable rate mortgage.
RMG Safeguard Mortgage
Access the equity you've built in your home without touching your current mortgage.
Bridge Financing Program
Get temporary financing to help bridge the gap between closing your current home and your new property.
Fixed Rate Mortgage
Feel secure knowing your mortgage payments
won’t change throughout your term.
Adjustable Rate Mortgage
Take advantage of the potential savings that come with an adjustable rate mortgage.
RMG Safeguard Mortgage
Access the equity you've built in your home without touching your current mortgage.
Bridge Financing Program
Get temporary financing to help bridge the gap between closing your current home and your new property.
What Happens When You Don’t Renew by Your Maturity Date
If you do not return the signed renewal agreement by your maturity date, your mortgage will be automatically renewed into a 6-month closed fixed rate convertible term.
This term allows you to convert into a 1 to 5-year fixed rate or variable rate mortgage at a later date without penalty. However, it also comes with a higher interest rate than is available on most of RMG’s fixed and adjustable rate terms.
This term allows you to convert into a 1 to 5-year fixed rate or variable rate mortgage at a later date without penalty. However, it also comes with a higher interest rate than is available on most of RMG’s fixed and adjustable rate terms.
Frequently Asked Questions About Renewing
Do I have to requalify when I renew?
No, however we may ask to verify information to ensure we have accurate and up to date details for all our Homeowners.
How much does it cost to renew?
There is no cost to renew your mortgage with RMG.
What if I miss my renewal date?
Our renewal team will contact all Homeowners to assist them thru the process. In the event a renewal agreement is not returned to RMG, the existing mortgage may be renewed into a 6-month term.
Can I renew my mortgage early?
Yes, subject to qualification.
Have questions? We’re here to help!
Our Mortgage Renewal Specialists are here to answer any mortgage questions you might have.
Call us at 1-866-809-5800 or fill out a request form and someone will contact you.
Call us at 1-866-809-5800 or fill out a request form and someone will contact you.
Our Mortgage Renewal Specialists are here to answer any mortgage questions you might have.
Call us at 1-866-809-5800 or fill out a request form and someone will contact you.
Call us at 1-866-809-5800 or fill out a request form and someone will contact you.