Cambridge

Galt

Preston

Ontario

Emily Innala

Mortgage Renewal

A mortgage renewal occurs when the current mortgage term expires, and the borrower must either agree to new terms with the same lender or switch to another lender. This is an opportunity to reassess the interest rate, payment schedule and term length to better align with current financial needs. Borrowers can negotiate a lower rate, change payment frequency, increase payments to pay off the loan faster or access additional funds by combining a renewal with refinancing.

Lighthouse Lending reviews the client’s existing mortgage terms against market offerings to determine if a better rate or more flexible conditions are available. They also guide borrowers through switching lenders when advantageous and help negotiate penalties or fees, ensuring that the renewed mortgage supports long‑term financial goals.

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Mortgage Renewal

. ,

in ,

Serving homeowners in and surrounding neighbourhoods — including and . Get expert guidance with no hidden fees and no judgment.

Pre-approval in as little as 24 hours
Credit scores 650 and below welcome
Licensed Ontario mortgage brokers — FSN #13301
No hidden fees — straightforward advice you can trust

Get Your Free Quote See How We Work

No Obligation Pre-Approval

Step 1

Step 2

Are you a homeowner in Ontario? *

Yes No

What do you need help with most right now? *

Choose one.

What’s the amount you have in mind? *

An estimate is fine, we’ll work out the details together.

Fast pre-approval

We move quickly so you don't lose momentum on your financial goals.

Empathetic, judgment-free guidance

Credit challenges don't disqualify you. We've seen every situation and helped through it.

Wide lender network; better rates

Our volume gives us access to preferred rates banks simply can't match.

Who qualifies

You may be a fit — even if your bank said no

homeowners with existing equity — regardless of how long you've owned.
Credit scores 650 and below — we work with lenders who specialize in challenged credit.
Self-employed or irregular income — we look at your full picture, not just a pay stub.
Homeowners facing renewal, arrears, or power of sale — time-sensitive cases are our specialty.
Household incomes under $175K — our solutions are built for real Ontario families.

The Process

Getting a in , simple and transparent

Submit your details

Fill out the quick form above. No credit check required at this stage — we just need the basics to get started.

Speak with a specialist

A licensed -area broker will reach out within one business day to review your goals and available options.

Review your options

We present you with the best available products from our lender network — with clear terms, no pressure.

Get funded

Once you're happy, we handle the paperwork and work to get you funded as quickly as possible. You move forward.

Local knowledge, province-wide lender access

We know . Whether you're in , , , or anywhere across , our brokers understand your local market and will work to find a solution that fits your neighbourhood and your goals.

Cambridge - Galt

Ontario

Accepting Applicants

Cambridge - Preston

Ontario

Accepting Applicants

Cambridge -

Ontario

Accepting Applicants

Frequently Asked Questions by Homeowners in

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What credit score do I need to buy a home in ?

While requirements vary by loan type, we work with buyers with scores as low as 580 for FHA loans. Conventional loans typically require 620+.

How much down payment do I need?

In Ontario, the minimum down payment is 5% for homes up to $500,000, 5% on the first $500,000 and 10% on the portion above that up to $1.5 million, and 20% for homes over $1.5 million, with mortgage insurance required if you put down less than 20%.

What are current mortgage rates in ?

Mortgage rates change frequently based on market conditions, but in Canada, most borrowers are currently seeing approximately 3.8%–5.5% for fixed rates and around 3.3%–4.5% for variable rates, depending on the lender, term, and your financial profile.

How long does the mortgage process take?

The mortgage process typically takes 1 to 4 weeks, depending on factors like document submission, lender approval times, and the complexity of your application.

No Obligation Pre-Approval

Fast pre-approval

Empathetic, judgment-free guidance

Wide lender network; better rates

The Process

Submit your details

Speak with a specialist

Review your options

Get funded

We Light Your Way To Financial Freedom.

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Our Services

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