Multi-Prêts Hypothèques MR | Hypothèque Rapide
514 907.4707


Is your mortgage due for renewal soon?

Because mortgage loans are generally taken out on long periods of time, there is a strong possibility that your financial situation or your family’s needs have changed since you purchased your house or since your last renewal.

Contact us at least four months before your loan expires so we can get you the best conditions for your renewal. We can negotiate a great interest rate that will be guaranteed. A simple phone call is all it takes; your Multi-Prêts Hypothèques MR mortgage loan expert will take care of everything.

In addition to securing the lowest rate on the market, your advisor will freeze it until your loan is due for renewal so you are protected against any interest rate increase. The mortgage loan market changes fast. Don’t wait another minute to contact your Multi-Prêts Hypothèques MR advisor.


What you should know about mortgage loans!

When it’s time to renew your mortgage loan, financial institutions generally offer you the posted rate. This is not their best offer. When you first took out your mortgage loan we negotiated the best conditions and rate for you. We are still here for you today to help you secure the best conditions for your renewal.

One thing you must know is that you can transfer your loan to a different financial institution. Therefore, if another institution makes you a better offer than your current lender, you are not required to stay with the institution that first granted you the loan – that also applies for loans insured by the CMHC or other mortgage insurers. Most of the time you won’t even have to incur any expense because the new financial institution will generally pay the transfer fees.


Has your family situation changed?

If your personal or financial situation changes and you need to reassess your mortgage needs, contact us to review your options. Together we will take a look at your financial situation and determine what we can do to help you meet your goals. Whether you need to speed up the reimbursement of your loan by increasing your payments or refinance part of your property because you need the money, we can help you make the most of your situation and your investment.

If you are about to renew your loan, take some time to analyze your options before making your decision. You need to understand how lenders review your application and how important the various elements of your file are to determine if your renewal can be granted. The more you will know about your mortgage, the better you will understand the recommendations of your mortgage advisor and the easier the renewal process will be.

The benefits of being well prepared when renewing your morgage loan

Here are a few questions you will have to ask yourself when time comes to renew your mortgage loan:

  • Should I go for a short-term mortgage (e.g., six months) or for something long term?
  • Should I choose a fixed or variable rate?
  • How high is my risk tolerance?
  • Which projects do I want to make a priority?
  • Is the lender giving me the best offer?
  • What are my short-term and medium-term plans?
  • How can I pay my mortgage faster?
  • What would the prepayment penalty be if I were to sell my property before the end of the term?

You will always win if you are well prepared and well informed when renewing your mortgage loan – even if you end up keeping the same conditions you already had.

It is also important that you know you can negotiate your renewal rate well before your mortgage term comes to an end. Interest rates can be negotiated and frozen for a period of 180 days. Therefore, if the market is in your favour, it would be in your best interest to consult with your Multi-Prêts MR advisor today so you can start negotiating your renewal rate immediately.

The sooner you start negotiating, the more time you will have to analyze the mortgage products available and make the best decision for your situation. This will also give you more time to prepare all the documents required for your mortgage renewal within your mortgage term.



Mortage renewal options

For some people, renewing their mortgage is a simple procedure that consists of recalculating the amount of the monthly payments depending on the unpaid principal and the interest rates effective when renewing. In fact, renewing a mortgage is much more complex than that and several things need to be taken into consideration. You may choose to “shop around” to find a new lender who will give you better conditions; you may choose to refinance your property so you have money to achieve your projects, etc. You need to determine both your personal and financial goals before the time comes for you to renew your mortgage loan. Take some time to review the options available so you can choose the best one for you.

Whether you are thinking of undertaking major renovation projects or simply want to spruce up your decoration, whether you want to consolidate your debts or travel the world, several mortgage solutions are available to help you make the most of your investment and your life. Your Multi-Prêts Hypothèques MR advisor will guide you through the renewal process and help you make an informed decision so that your mortgage is perfectly suited to your needs.

At Multi-Prêts Hypothèques MR, we value the quality of the relationships we establish with our clients. We are there for you and your loved ones. We want to be your mortgage financing advisors for life. Because at Multi-Prêts Hypothèques MR, we put you first!

Screen-Shot-2013-01-17-at-13.54.36Call us and see for yourself.

We have offices in Ville Lasalle, Vaudreuil, Kirkland in the West Island and now also in Laval, but we can meet you anywhere in the Greater Montreal area.

You can file an information request online at You can also call us at

514-907-4707 or contact us by email at all times at There is no requirement or commitment on your part and our service is completely free*.

A fast and easy way to prepare yourself for the biggest purchase of your life!

*We give financial institutions access to hassle-free large business volume and they pay for our services.

In most cases, the service is free for the borrower. Broker fees may however be charged if a file requires an exceptional amount of work because of an unusual situation or because of the borrower’s credit.


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