Home Trust Mortgage Renewal

When your Home Trust mortgage comes up for renewal, it is the perfect time to see if you can get a better deal. Home Trust is an alternative lender and their mortgages come with a higher rate. I use them as a temporary solution and always check if it's possible to save money at renewal.

Before accepting Home Trust's offer, you have two options.

  • Refinance your mortgage with a prime lender to lower rate and save money.
  • Negotiate with Home Trust to try and get a better offer.

If that doesn't work, you can just accept the renewal offer, knowing that you did in fact get the best deal.

Mortgage renewal timing

Home Trust will send out a renewal letter 45 days before maturity date. It's best to get started right away. We need time to prepare and review your file.

Home Trust reviews

Home Trust has a Google review score of 2.7 out of 5 as of February 2022. I do not agree with that score and don't think online reviews are good indication of the service and product quality when it comes to mortgages. Keep in mind, not many people will leave a review for their mortgage lender when everything is working out perfectly. For example, RBC has a score of 2.4/5 on Consumer Affairs website.

Home Trust renewal declined

If you got a letter stating Home Trust will NOT be offering a renewal of your mortgage, your situation just became an emergency. Call me at 647-870-7004 right away.