When the time comes to renew your mortgage, you may have some questions. How do I start the renewal process? How long does it take? Who can help me through the process? Below are some insights into the renewal process so when your mortgage maturity date arrives, you’ll know exactly what you need to do to renew your mortgage.
When does the renewal process start?
You can renew your mortgage within 90 days1 of your renewal date (commonly referred to as your maturity date).
How does the mortgage renewal process work?
If you have a MCAP mortgage, renewing your mortgage is fast, simple, and easy!
Here’s how:
- We will send you a renewal notice through MyMCAP or by mail
- Select a mortgage product or term for your renewal
- Sign the documents (there’s only 2!) and return by email or fax (1-800-922-0220)
- MCAP will update your mortgage and send a confirmation
MCAP Renewal Perks!
- You do not need to requalify to renew your mortgage with MCAP
- There are no costs to renew your mortgage with MCAP
What are the benefits of renewing with MCAP?
 Competitive Rates Our Renewal Agents will work with you to get the best rate. |
 Mortgage Life & Disability Insurance Protect your loved ones and your assets with simple & affordable insurance options. |
 Prepayment Privileges Take advantage of prepayment options to become mortgage-free sooner. |
 Tap into Your Home’s Equity Access funds for debt consolidation or home renovations.2 |
 Online Access Check balances, upcoming payments, and documents right at your fingertips with MyMCAP. |
 MyHome Sweepstakes Participating MCAP homeowners have a chance to win monthly prizes. Click here for more information. |
Need more reasons to renew your mortgage with MCAP? Check out this video:
Meet Our Renewal Account Managers
Did you know MCAP has Renewal Account Managers available to help you with your mortgage renewal? They can walk you through the renewal process and help you discover the right mortgage product for you.
If you’re ready to renew your MCAP mortgage, visit our Renewing your MCAP Mortgage page for more information.
1 Time period is subject to change with or without notice.
2 Subject to qualification.