When it’s time for your mortgage renewal, lenders know most borrowers just sign what’s in front of them.
But if your income, assets, or goals have changed, you might be signing a bad deal.
Auto-renewing can lead to:
Missing out on equity access
Paying higher-than-necessary rates
Sticking with a term that doesn’t match your current strategy
Overlooking better structures (e.g. blended loans, shorter terms, re-amortization)
Renegotiate with your current lender (with leverage)
Switch to a new lender with better terms
Refinance to access equity or consolidate debt
Blend-and-extend to lower payments
Adjust term/amortization to free up cash flow
Tap into personal or corporate equity, qualify based on real income, and build a long-term portfolio plan.
Review your current mortgage + financial structure
Run the numbers on multiple options
Coordinate timing with tax + income strategy
Lock in the best-fit renewal plan—before the lender deadline hits
Accordion Content
You can – but if you’re planning to build in your operating corporation that might put you in a difficult legal position.
Builders or trades people could come after your business income or assets.
It could make financing more complicated or expensive.
You should plan the structure out with your accountant, a lawyer, and your mortgage consultant. I am always ready to chat with your accountant/lawyer or provide one if you need it!
Many lenders can also do land financing or a land draw which allows you to purchase the land.
In some cases you may have a more complex structure such a a joint venture partnership. Some lenders have custom mortgage programs that can allow for these.
This depends on the project (construction cost, if you own the land outright or have a mortgage on it already, if there’s a house on the property, and other factors).
Common rule of thumb is the best pricing lenders aim to see approximately 50% of the land value and construction cost in capital. Other lenders are more flexible if needed.
Yes – infact, many construction lenders will use make sense lending instead of rigid policies.
There are typically 3 routes builders take:
First, if you plan to sell, then lenders may want to see some of the units pre-sold. You would then complete the build and sell as planned.
Second, if you plan to living in the home after completion, many lenders will allow you to graduate into standard mortgage financing. If not, then you can refinance into a standard mortgage.
Third, if you plan to rent the property out after completion, you can often graduate into an investment property mortgage. Again, if you can’t then you can refinance into one.
This is a very important part of the planning process so should be thought about at the start.
Restructure, re-align, and use your mortgage as a tool—not just a payment.
