5 Smart Reasons to Renew Your Mortgage with the Tim Lacroix Mortgage Team

Tim Lacroix • February 30, 2025

When your mortgage term is nearing its end, you’re faced with an important decision: should you automatically renew with your current lender, or explore better options? For many homeowners in Calgary and across Alberta, renewing a mortgage can be a missed opportunity—or a powerful moment to reassess your financial goals.

At the Tim Lacroix Mortgage Team, we’re here to make sure you don’t just “renew and forget.” Here are 5 smart reasons why working with us on your mortgage renewal can save you money, reduce stress, and help you make better long-term decisions.

1. Get the Best Rate Available—Not Just the Posted Rate

When it comes to mortgage renewals, many lenders send a renewal offer a few weeks before the term ends. Most of these offers include posted rates that are not necessarily the best available on the market. And unfortunately, a surprising number of homeowners sign them without comparing.

We do the heavy lifting for you. The Tim Lacroix Mortgage Team compares offers from over 30 lenders to ensure you're not leaving money on the table. We negotiate on your behalf to secure the lowest rates and best terms based on your unique situation.

Smart Tip: Even a small difference in your interest rate—say 0.25%—could mean saving thousands of dollars over your next term.

2. Customize Your Mortgage Based on Today’s Life Goals

Five years ago, your life may have looked very different. Maybe you were a new homeowner, starting a family, or in a different career. Your mortgage should evolve with you.

When you work with our team, we don’t just talk numbers—we ask questions like:

• Do you plan to move in the next few years?

• Are you thinking of renovations or accessing home equity?

• Do you want to pay off your mortgage faster?

This gives us a chance to tailor your renewal with flexible features like prepayment privileges, lump-sum options, or a shorter term to better suit your goals today.

3. Access Equity for Big Life Plans

A mortgage renewal is a great time to reassess your home equity. Whether you're considering a renovation, investment property, debt consolidation, or helping your kids with post-secondary education, tapping into your equity can be a smart move.

We guide you through the process of accessing this equity strategically—without putting your home or finances at risk. Our approach is transparent, and we walk you through every step to ensure it’s the right decision for your goals.

Did you know? With Calgary’s growing real estate values, many homeowners have access to more equity than they realize.

4. Avoid Stress and Save Time

Renewing a mortgage doesn’t have to be complicated or time-consuming. In fact, our clients are often surprised by how seamless we make the process.

Working with the Tim Lacroix Mortgage Team means:

• No pressure. We work for you, not the bank.

• Clear communication. We explain every option in plain language.

• Timely updates. You always know where your renewal stands.

• No unnecessary paperwork. We handle the documentation with your lender.

We simplify your mortgage renewal while protecting your best interests, so you can focus on your home and your life—not financial jargon.

5. Build a Long-Term Strategy, Not Just a Short-Term Solution

Mortgage renewals are more than just choosing a new rate—they're an opportunity to review your full financial picture. The Tim Lacroix Mortgage Team doesn’t just stop at the paperwork. We help you:

• Plan how to be mortgage-free faster

• Set up automatic prepayments (if desired)

• Coordinate with your accountant or financial planner

• Optimize cash flow and reduce debt

• Align your mortgage with retirement goals

You’ll leave with a strategy that fits your 5- or 10-year plan—not just your next term.

Ready to review your renewal options? Book a free 15-minute discovery call with us today:
Schedule Now

What Makes Us Different?

Tim Lacroix brings over 20 years of mortgage experience and a local perspective on Calgary’s dynamic real estate market. We know how to navigate the complexities of mortgage products, and we always put your needs first.

Our clients often say they feel empowered, informed, and confident after working with us—which is exactly what we want for you.

Don’t Let Your Mortgage Renewal Go to Waste

Mortgage renewals shouldn’t be rushed or ignored. With expert advice, careful planning, and a client-first approach, your next term can be more flexible, more affordable, and more aligned with your life.

Let the Tim Lacroix Mortgage Team help you take control of your mortgage renewal—and make it work smarter for you.