Is your investment coming up for maturity? Looking to find out more about the process? Here are some FAQ about DMI renewals.
1. What is the new renewal process?
Effective December 1, 2022, all renewed mortgages will be re-priced at current market rates. If the borrower requests renewal, we will obtain a new appraisal, determine the current LTV, and re-price the deal as if it were a new submission. Upon receipt of the appraisal report, we will present you with an updated rate of return for the renewal term. If you’d like to renew, we will advise the client and once the renewal agreement has been signed by the borrower, we will send you the servicing agreement to be signed.
Please note: if you do not respond to the renewal offer within 5 business days, Hosper will make the most prudent decision as if it were our own mortgage.
2. When will I know if my investment will be renewed?
Our renewals team will advise you of the borrower’s intent to renew or payout approximately 30 days before maturity. It is common, however, for our team to only be informed of the client’s action plan at or even shortly after maturity. We will send you updates should we receive confirmation that the mortgage has been refinanced, if the property is listed for sale, or has been sold before maturity.
3. Can I expect my investment to pay out on maturity if the mortgage does not renew?
In most cases, payouts will take place within 2-4 weeks before or after the maturity date. If a mortgage passes the scheduled maturity date, our team will work with the borrower and broker to have the loan paid out as soon as possible. Delays in payout are common and should be anticipated. Strategically speaking, patience to allow a clean exit to occur may be recommended over asserting your right to enforce shortly after maturity. Please allow us to guide you through this process, leveraging our experience exiting 5000+ mortgage investments.
4. How do I know if my investment is approaching maturity?
Upcoming maturities are listed on your monthly Investor Statements under the “ACCRUED INTEREST” section, so you can keep track of upcoming maturities and inform us each month if you know you can NOT continue with a mortgage.
We suggest reviewing your statement each month to stay updated on your investments and any upcoming maturities.
5. What if I do not want to renew my investment?
If you have questions about an upcoming maturity where you prefer NOT to renew, please let us know with as much advance notice as possible. Our renewals team can be reached at
For more information on default proceedings, read:
A Simplified Guide to Mortgage Enforcement
Don't wish to renew? See if your DMI is eligible for our MIC Rollover Program!
Those invested in a MIC share class avoid the potential “headaches” that often come with renewals, as their single investment is spread across a portfolio of loans each managed by Hosper experts.
If you would like to learn more about the MIC Rollover Program, please get in touch with Scott Stevens, MIC dealing representative, at (647) 684 9153 or
6. Where can I learn more about renewals?