As many homeowners approach their mortgage renewal date, uncertainty around interest rates and inflation continues to weigh heavily on financial decisions.
Terrie Quilton is a seasoned financial advisor at BlueShore Financial, a division of Beem Credit Union, and works with clients at their Whistler branch location. She offers timely advice on how to approach your renewal strategically while keeping financial wellness and long-term goals top of mind.
A changing landscape
“The mortgage environment has shifted dramatically over the past few years,” Quilton explains. “Rates that were once below 2% are now closer to 5%, and that can feel like a shock. It’s no surprise that many people are feeling anxious about their upcoming renewal.”
But, as Quilton emphasizes, a mortgage renewal is not just an obligation—it’s an opportunity.
“Renewal is the perfect time to reassess your overall financial planning,” she says. “From financial goals, expenses and lifestyle changes to freeing up cash flow for other priorities, reviewing your financial strategy with an advisor gives the opportunity to ensure that things continue to fit into your overall plan.”
Personalized, holistic planning
What sets BlueShore Financial apart, Quilton notes, is the holistic approach advisors take when supporting clients through key life decisions like a mortgage renewal. “We don’t just look at your mortgage,” she explains. “We assess how everything fits into your broader financial picture—investments, retirement planning, education savings and even travel goals.”
This kind of financial planning is especially important in high-cost regions like Whistler, Squamish and the Lower Mainland, where housing prices and lifestyle expenses can require thoughtful coordination.
“When you’re living in a region where your home is likely your biggest asset and your largest monthly cost, optimizing your mortgage is essential to achieving financial wellness and reducing anxiety,” says Quilton.
Smart strategies for today’s market
So what does a clever strategy look like in today’s high-interest rate environment?
“When it comes to strategy, it’s important to stay informed about the mortgage products available,” Quilton advises.
She highlights that there are more creative options available beyond the typical 5-year fixed or variable mortgages that we often hear about.
“For example, a hybrid mortgage lets you go “fixed” for a portion of your mortgage and variable for the rest, and a “blend and extend” option lets you average currently available rates with the rate your fixed-rate mortgage carries now. Reviewing your options is key and connecting with a trusted financial advisor can help you find the right fit.”
As for timing? “I typically reach out to my clients a year before their renewal date. This gives them time to plan without pressure, review several different options, and many really appreciate that proactive approach.”
The value of expert advice
For Quilton, the key to success is not doing it alone. “There’s no one-size-fits-all solution,” she says. “It’s about education, awareness and empowering individuals and families to understand their options and make financial decisions for their peace of mind. Working with a financial advisor ensures you’re getting expert advice tailored to your goals, your home and your future. There are lots of resources and support available to help you feel confident and in control.”
Whether you're a young family in the Sea-to-Sky region renewing for the first time or long-time homeowners approaching retirement, thoughtful mortgage renewal advice can be a powerful tool in your financial toolkit—helping you protect your investment and plan ahead with greater clarity.
“As advisors, we’re here to guide you through these moments—so you can make informed choices and continue building the life you want,” Quilton says. “We encourage you to connect with us and arrange a time to chat.”
To learn more about financial planning and mortgage renewal support, connect with a BlueShore Financial advisor today.
