Renewing your mortgage is an important part of overall household financial planning. With that in mind, CMLS has a dedicated team of licensed mortgage specialists at the ready to help you navigate through the various renewal options including interest rates, terms, prepayment privileges and fixed vs. variable rate etc.

One of the best times to reassess your overall financial needs is when your mortgage comes up for renewal.

If your financial situation has changed, please talk to one of our mortgage specialists to see if you qualify for one of our prime mortgage products.

• While we do our best to minimize cost to you, renewal fees may be applicable.
• Approximately 45-60 days prior to your renewal date, we will send you a renewal agreement that outlines your interest rate and payment options. Simply select the rate and term best suited to your needs and return the signed renewal agreement back to us by mail, fax or email. Should you have any questions regarding your renewal agreement, we have licensed mortgage specialists available to assist you via email resiretention@cmls.ca or by phone 1 888-995-2657 Option 3
• If you have a mortgage with another lender and it’s coming up for renewal, moving your mortgage to CMLS Financial couldn’t be easier. Simply call us and one of our Licensed Mortgage Specialist will be happy to help you. They will look after all your mortgage needs and make sure your switch goes smoothly.

Your Specialist is only a phone call or e-mail away, Call 1 888-995-2657 Option 3 or email resiretention@cmls.ca .

If you don’t take action, the renewal of your mortgage term may be automatic. If your mortgage plan is set to auto-renew, it will say so in the renewal statement.

• If you do not return the signed renewal agreement by your maturity date, your mortgage will be automatically renewed into a 1 year term as outlined in your renewal agreement.

Your Specialist is only a phone call or e-mail away, Call 1 888-995-2657 Option 3 or email resiretention@cmls.ca .

An early renewal is a mid-term change to your mortgage contract before the designated renewal or maturity date. There are times where it makes financial sense to change your mortgage such as to take advantage of lower interest rates, to reduce monthly payments, or to access cash for a particular need.

Your Specialist is only a phone call or e-mail away, Call 1 888-995-2657 Option 4 or email resiretention@cmls.ca .

Refinancing your mortgage involves taking out a new loan to pay off your original mortgage loan. In many cases, homeowners refinance to take advantage of lower market interest rates, cash out a portion of their equity, or to reduce their monthly payment with a longer repayment term.

• Did you know you can refinance and borrow up to 80% of the current property value of your home? The amount you borrow can simply be added to your existing mortgage.
• The amount you borrow is then simply added to your existing mortgage. We have a number of refinancing solutions available.
• A mortgage refinance is when you terminate your current mortgage and start a new one.

Your Specialist is only a phone call or e-mail away, Call 1 888-995-2657 Option 4 or email resiretention@cmls.ca .

Porting your CMLS mortgage means taking your existing mortgage—along with its current rate and terms—from your current home to your new home. You can port your mortgage if you’re purchasing a new property at the same time you’re selling your existing one.

• CMLS Financial offers our clients the ability to PORT their existing mortgage to their new property.  
• Porting your mortgage means taking your existing mortgage – along with its current rate and terms – from one property and transferring it to another that avoids any payout penalties.
• CMLS also offers our clients the ability to do a Straight Port, Port & Increase and Port & Decrease. Please speak to a CMLS Licensed Mortgage Specialist by calling 1 888-995-2657 option 4 or email resiretention@cmls.ca to discuss your Port options.

Your Specialist is only a phone call or e-mail away, Call 1 888-995-2657 Option 4 or email resiretention@cmls.ca .

CMLS Financial has several products to fit your lifestyle and specific needs. Please contact one of our Mortgage Specialists to understand your options.

Fixed Rate Mortgage

• CMLS offers fixed rate mortgages for terms between one, two and three years at renewal.
• All of our fixed rate terms come with peace of mind of knowing that the principal and interest payments are guaranteed not to change over the term you selected.

Our Specialists are only a phone call or e-mail away, Call 1 888-995-2657 Option 3 or email resiretention@cmls.ca .