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.
Convenience and support
Have questions? Want to explore mortgage options at your own pace? With RMG’s online renewal option and our team of Renewal Account Managers, you’ll be well-prepared for your renewal.
Your Renewal, Your Way
When you’re ready to renew your RMG mortgage, we give you the tools and support to make the process as easy as possible.
Browse renewal rates and renew completely online in the MyRMG homeowner portal. It’s simple, fast, and secure. |
Discuss your options with your dedicated Renewal Account Manager to make sure your renewed mortgage term is exactly what you’re looking for. |
Renewing Your Mortgage with RMG
You will get an intro letter for your upcoming renewal
1
About 90 days before your mortgage term ends, you will receive a renewal communication introducing you to your Renewal Account Manager and letting you know you can begin exploring your mortgage options online.
Interested in renewing your mortgage early? Give your Renewal Account Manager a call!
Choose your rate and term
2
Explore the available rates and terms online and make a selection for your mortgage renewal selections.
Or, contact your Renewal Account Manager by phone at 1-866-809-5800 or complete the request form.
We’ll send you a Renewal Agreement
3
RMG will send you a renewal agreement with your interest rate and payment options approximately 30 days before your renewal date.
Your mortgage is renewed!
4
It’s just that easy.
What Happens When You Don’t Renew by Your Maturity Date
If your mortgage reaches maturity without a renewal, don’t worry- we’ll automatically place you into a short-term flexible option designed to give you more time to make the right decision.
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.
Take advantage of your chance to win amazing prizes through RMG Giveaway, our exclusive contest for RMG Mortgage homeowners.
Programs like this is just one of the many reasons, so many homeowners choose to renew with RMG.
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?
If your mortgage reaches maturity without a renewal, don’t worry- we’ll automatically place you into a short-term flexible option designed to give you more time to make the right decision.
Can I renew my mortgage early?
Depending on the payout conditions of your existing mortgage, you may have the option to renew your mortgage early.
Please note: This time period is subject to change with or without notice.
Do I need to prepare any documents for my mortgage renewal?
To complete your mortgage renewal, all we’ll need is your signed renewal agreement. If you’re a Quebec homeowner, we’ll also ask you to complete a privacy consent page.
Helpful Resources
Mortgage Rates
Compare different rate types for a better idea of what will work for your situation.
Mortgage Payment Calculator
Try out our easy-to-use calculator for a better sense of your mortgage payments.
MyRMG Homeowner Portal
MyRMG is your go-to spot to handle all your mortgage needs.
Protect what’s yours with RMG’s Home Service Plan
Add coverage for your appliances or home systems with RMG’s Home Service Plan when you renew your mortgage and ensure your home is protected.
Have questions? We’re here to help!
Our Mortgage Renewal Account Managers 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 Account Managers 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.