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Home / Mortgages / Renew Refinance / Mortgage Renewal Process
Mortgage and Term Portion Digital Renewal Process
Up for a renewal? Learn more about the Mortgage and Term Portion digital renewal process. By renewing digitally, you'll receive special digital rates for 3, 4, and 5 year fixed rate, closed terms.
How to renew your Mortgage and/or Term Portion digitally
As you approach the end of the term (also known as your maturity date), it’s time to consider renewal options to continue managing your home financing efficiently. Renewing digitally is convenient and can be completed in 3 easy steps:
- Log in to to EasyWeb Online Banking or the TD app, and click on your Mortgage or Term Portion (within your Line of Credit - Home Equity account).
- Click Renew Now to review your options and select one.
- Review the Mortgage or Term Portion Renewal Agreement and accept it.
When to renew
Get an early start
It’s a good idea to start thinking about the renewal process early. You’ll want to take a look at the various offerings from your lender and re-evaluate your current financial position and goals. This will help you determine the right renewal for your lifestyle.
120 days from maturity
Lenders may let you renew 120 days (or 4 months) before maturity without you having to pay a prepayment charge. It’s a good idea to mark this date on your calendar.
What to do
- Start 120 days before your maturity date.
- Re-evaluate your financial position and goals.
- Explore rates, terms, and features.
- Choose the renewal term that best fits your needs.
Chances are your life has changed since the beginning of your term and any number of events can have a financial impact on your circumstances. Renewal time is your opportunity to review your situation and make adjustments, if necessary. With terms, rates, and payments all to be considered, it’s possible to make changes to your Mortgage/Term Portion that reflect your updated life.