Don’t Just Accept Your Lender's First Renewal Rate.
Your mortgage renewal is an opportunity to review more than just the rate. We can compare your lender's renewal offer with other mortgage options and help you understand whether it makes sense to stay, switch or restructure.
Compare Your Options
Stay, switch or restructure
Up to 130-Day Rate Hold
Protect against potential rate increases
Multiple Lender Options
Compare banks, credit unions and mortgage lenders
Stay
Renew with your current lender
Switch
Compare other lenders and products
Restructure
Adjust amortization, debt or equity
Compare Your Renewal Offer
Enter a few details from your lender's renewal offer to see how another mortgage option could compare.
Pick the number of years left on your current amortization.
Not sure? That's okay. We can verify this with you during your mortgage review.
This illustration shows how a different rate could affect your monthly payment. Your actual renewal offer and options depend on your mortgage, lender and circumstances.
Enter your mortgage balance and your lender's renewal rate above to see your potential savings.
A Better Renewal Isn't Always Just a Lower Rate
The interest rate matters, but it isn't the only thing worth comparing when your mortgage comes up for renewal.
Interest Rate
How does your renewal offer compare with other available options?
Monthly Payment
How will the new rate and amortization affect your cash flow?
Prepayment Privileges
How much flexibility do you have to pay your mortgage down faster?
Penalties
What could it cost if you need to break the mortgage before the end of the term?
Flexibility
Does the mortgage give you options if your plans or finances change?
Overall Strategy
Would changing your amortization, consolidating debt or accessing equity make sense?
The goal isn't simply to find a lower rate. It's to make sure your next mortgage fits where you're going financially.
Review My MortgageDon't Wait Until Your Renewal Date
Starting early gives you time to compare your lender's offer, review other mortgage options and potentially secure a rate hold before your mortgage matures.
Depending on the lender and mortgage product, a rate hold may protect you if rates increase while still allowing you to benefit from lower rates that become available before closing.
Reviewing your renewal early gives you more time to understand your options instead of waiting until the last minute.
Up to 130-Day Rate Hold
Available depending on lender
Switching at Renewal
Eligible borrowers switching lenders at renewal without increasing the mortgage balance or amortization may qualify under different stress-test rules depending on the mortgage and borrower circumstances.
Subject to qualification and lender requirements. Not every mortgage qualifies.
Switching May Be Easier Than You Think
Many homeowners assume switching lenders at renewal is complicated. In some cases, eligible borrowers switching without increasing their mortgage balance or amortization may qualify under different stress-test rules — depending on the mortgage and your circumstances.
We can help you understand whether switching makes sense for your situation and what the process may involve.
Mortgage Strategy for Your Next Term
The goal isn't simply to move your mortgage to another lender. It's to help you understand your options and determine which mortgage strategy makes sense for your next term.
Get a Second Opinion on Your Renewal Offer
Already received a renewal offer from your lender? Send us the details and we'll compare it with other available options and help you understand whether staying, switching or restructuring may make sense.
Before You Renew, Let's Compare Your Options
Already have a renewal offer? Send us the details and we'll compare it with other available options to see whether staying, switching or restructuring makes the most sense.
No Credit Check Required for Estimate
We review initial rate options without impacting your credit score.
We Handle the Paperwork
We coordinate with your new lender and lawyer to ensure a seamless rollover.
No Brokerage Fees on Prime Mortgages
Lenders pay our fee directly, so you pay $0 for professional advice.
Need Immediate Guidance?
Our renewal desk is available Monday–Saturday 8am to 8pm EST.
Frequently Asked Questions
Common questions about mortgage renewal in Canada.
When should I start reviewing my mortgage renewal?
It can be helpful to start reviewing your renewal several months before your maturity date. Starting early gives you time to compare your lender's offer, review other mortgage options and potentially secure a rate hold before your mortgage matures — rather than deciding under pressure at the last minute.
Should I automatically accept my lender's renewal offer?
Your lender's renewal offer is one option. Comparing it with other available mortgages can help you evaluate the rate, payment, features and flexibility before making a decision. Reviewing your options doesn't obligate you to switch.
Can I switch mortgage lenders at renewal?
Yes, many homeowners switch lenders at renewal. Depending on the mortgage and your circumstances, switching may involve different qualification requirements. We can help you understand what the process may involve for your situation.
Does it cost money to switch lenders?
For standard switches where your mortgage balance and amortization stay the same, the new lender may cover some transfer costs such as legal or appraisal fees. Costs can vary depending on the lender, mortgage and your circumstances.
Will I need to qualify again if I switch lenders?
Eligible borrowers switching lenders at renewal without increasing the mortgage balance or amortization may qualify under different stress-test rules depending on the mortgage and borrower circumstances. Not every mortgage qualifies — we can help you understand what applies to your situation.
Can I change my amortization at renewal?
Yes, renewal can be an opportunity to adjust your amortization — for example, to lower your payments or pay your mortgage off sooner. Changes to amortization may affect qualification and depend on the lender and mortgage product.
Can I consolidate debt when my mortgage renews?
Renewal can be a good time to consolidate higher-interest debt into your mortgage, since there are typically no early break penalties at maturity. This depends on your available equity, qualification and the lender's requirements.
Can I access home equity at renewal?
Yes, renewal may allow you to access some of your home equity — for renovations, investments or other goals. This depends on your equity, qualification and the lender's requirements, and may change the nature of your mortgage.
What is a mortgage rate hold?
A rate hold allows you to secure a specific rate for a set period before your mortgage matures. Depending on the lender and mortgage product, a rate hold may protect you if rates increase while still allowing you to benefit from lower rates that become available before closing.
Is the lowest renewal rate always the best mortgage?
Not necessarily. The interest rate matters, but it's only one factor. It's worth comparing the rate alongside the monthly payment, penalties, prepayment privileges, flexibility and your overall mortgage strategy. A lower rate with restrictive terms may not be the best fit for your goals.
Before You Sign Your Renewal, Know Your Options.
Your lender's renewal offer is one option. Let's review your mortgage and compare what's available so you can make an informed decision about your next term.