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Mortgage Renewal | More than just signing the dotted line.

General Angela Calla 24 Feb

Choosing the right type and term for your mortgage renewal will go a long way in helping you build and protect your wealth.

When it’s time to renew, there are more options to you than just getting a rate and signing it off. It’s possible for you to access your home’s equity. However, you either have to pay a penalty to get out of it, or sell your home.

Working with a mortgage professional we can help guide you through these questions you should consider as your renewal approaches.

  1. Names on title: Are your relationships the same? Is there a guarantor to be removed?
  2. What are your future plans: Are you thinking of selling and moving up the property ladder?
  3. Income: Is your income consistent? Are you going on maternity leave, or is there new opportunity that will impact your cashflow?
  4. Mortgage type: What type of mortgage do you have? Total equity package, reverse, fixed and variable are some types.
  5. Future purchases: Avoid costly outside debt at higher rates that impact cashflow ( car, reno, loans, debt repayment)
  6. Tax Grants: Will you be making any renovations or deposits to a registered account improve your wealth beyond your mortgage?
  7. Emergency funds: If something unforeseen were to come up, like we all experienced together with the pandemic, do you have 6 months of an emergency fund to access?

Starting the conversation and connecting the dots on all those levels will help you avoid costly mistakes that can impact your cashflow, upset family life, or cause unnecessary financial stress.

If you or someone you care most about has questions about how to get the best mortgage renewal for their life stage, consult with us to get unbiased advise. Reach out to us at and we’ll be happy to help you explore your options!

Angela Calla is a 17-year award-winning woman of influence which sets her apart from the rest. She is without a doubt, a true expert in her field. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code, Angela educates prospective home buyers by providing vital information on mortgages. 

In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at or at 604-802-3983.

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