Mortgage Renewal
Don’t just sign the renewal letter, let’s make sure you’re getting the best deal
The Problem With Just Signing
Most homeowners sign their bank's renewal letter without a second thought and most of them overpay as a result. Banks rarely lead with their best rate because they know client loyalty and convenience work in their favour. That "simple" renewal offer often costs thousands more over your next term than what's quietly available elsewhere. Before you sign, it's worth knowing exactly what you're being offered and what you might be leaving on the table.
More Than Just a Better Rate
Renewal is also a rare chance to restructure your mortgage around where your life is today, not where it was five years ago. Your income, family, and goals have likely shifted and so have rate trends and lender products. This is the moment to revisit your amortization, switch between fixed and variable, consolidate higher interest debt, or tap into your home's equity for renovations or investments. A renewal done well is a full financial reset, not just a rate swap.
How I make It Simple
You send me your renewal letter, and I do the heavy lifting. I shop many lenders, negotiate against your current bank's offer, and come back with a clear, side-by-side comparison in plain English. You pick what works for your goals and I handle the paperwork and make sure everything closes on time. The whole process usually takes less than a week, costs you nothing, and comes with no obligation to switch.
Frequently Asked Questions
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No you are not obligated to stay with your current lender. At renewal, you can switch to another lender without penalty.
This is often a great opportunity to secure a better rate or more flexible terms.
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Not always. Many lenders offer higher rates on renewal because they expect clients to accept without shopping around.
Reviewing your options can often result in better rates, improved terms and saved money!
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Yes in many cases renewal offers are negotiable. Hoeever, working with a broker gives you access to multiple lenders, which can strengthen your position.
We compare options to make sure you’re not overpaying.
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Ideally you should start reviewing your options 4 to 6 months before your renewal date.
This gives you time to explore better offers and lock in a competitive rate.
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If you don’t renew, your mortgage may automatically move into your lender’s standard open term variable rate, which is usually higher.
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Yes renewal is a great time to refinance if you want to:
access equity
consolidate debt
restructure your mortgage
Still Have Questions? Let’s Talk.
Every situation is different. If you're ready to start the process or just want to explore your options, I'd love to hear from you.