Renewing Your Mortgage
We make it easy to renew.
Renewing your mortgage is easy at Coast Capital. We’ll get in contact with you a few months before your mortgage expires so you can confirm a rate in advance. Renewals have flexible payment options that let you pay your mortgage off faster, which could save you thousands of dollars. If we don't hear from you before your renewal date, we'll automatically renew your mortgage into a 1-year open term.
Below are a few products we can talk to you about when you renew your Coast Capital Savings mortgage.
Home Equity Line of Credit
Use the equity in your home for renovations, big purchases or even consolidating debt, all at a lower interest rate than a regular loan.
- Access up to 65% of the value of your home
- Only pay interest1 on the amount used
- Access money through your chequing account, debit card, cheques, or in branch
- Pay down the balance any time, and then use it again when you need to
Terms & Conditions
Rate and approval based on risk profile.
Other helpful mortgage products.
With a Multi-Purpose Mortgage, you can split your mortgage into sections, each with its own term length and interest rate. You can borrow up to 80% of your homes equity, make advances any time, and pay the registration and legal fees once, no matter how many times you dip into it.
Through our partners at Valeyo‡, we offer life and disability insurance for your mortgage which protects you from losing your home if you're unable to make mortgage payments due to injury, illness or death.