Don't Automatically Sign the Renewal
Your existing lender may send a convenient renewal offer, but convenience doesn't always mean the terms are the best fit. A review gives you a chance to compare before committing to another term.
MORTGAGE RENEWAL
Your renewal is an opportunity to review more than your rate.
Before signing your lender's renewal offer, take a moment to review your rate, mortgage features, future plans and whether another lender or structure may fit you better.
Compare More Than the Rate
Rate matters, but so do prepayment privileges, penalties, portability, flexibility and the type of mortgage. We review the complete structure alongside the pricing.
Revisit Your Financial Goals
A lot can change during a mortgage term. Renewal can be a good time to discuss payment strategy, upcoming expenses, plans to move, debt, renovations or other financial priorities.
Consider Staying or Switching
Sometimes remaining with your current lender makes sense; other times another lender may offer a better fit. We help compare the options, including the practical costs and requirements of switching.
RENEWAL REVIEW
A simple review before you commit.
01Current Offer
02Current Mortgage
03Your Goals
04Market Options
05Compare Terms
06Renew or Switch
QUESTIONS TO ASK
What should you consider at renewal?
Is the Rate Competitive?
Compare the renewal offer with options that may be available based on your current situation.
Do I Need Flexibility?
Consider prepayments, future moves, potential refinancing and how restrictive the mortgage terms may be.
Should I Change My Payment?
Review amortization and payment strategy based on your current cash flow and longer-term goals.
Has My Situation Changed?
Income, debt, property plans and financial priorities may be very different from when you first arranged the mortgage.
BE PREPARED
Start the conversation before maturity.
Starting early gives you time to compare your existing lender's offer with other available options without feeling rushed into a decision.
Have us review your renewal →Renewal OfferYour lender's proposed rate, term and payment.
Current MortgageBalance, maturity date and existing mortgage details.
Current Financial PictureIncome, debts and any significant changes since your last mortgage application.
Future PlansPotential move, renovations, additional borrowing or other priorities that could affect the right mortgage structure.
FREE RENEWAL REVIEW
Before you sign your renewal, compare it.
Your lender's renewal offer is one option—not necessarily your only option. We'll review the rate, terms and flexibility alongside other options that may be available based on your current situation and goals.
The initial consultation is free.
Renew with a plan, not just a rate.
Use your renewal as an opportunity to make sure your mortgage still fits where you're headed.