Mortgage Services
Renewal time is your best chance to renegotiate everything.
Get StartedThe Opportunity
About 70% of homeowners sign the renewal letter their bank sends without asking a single question. The bank is counting on that. They're not sending you their best rate. They're sending you a rate that assumes you won't bother looking elsewhere.
Renewal is the one moment in your mortgage where you can renegotiate everything without a penalty: rate, lender, term length, amortization, and product type. It's also the natural time to ask whether your mortgage still fits your life. Have your priorities changed? Do you want to access some equity? Pay it down faster? Consolidate other debt?
I start talking to clients 4 to 6 months before their renewal date so we have time to shop lenders, lock in a rate hold, and structure the mortgage properly. By the time renewal arrives, everything is already done.
What to Review
01
Is the rate your bank is offering competitive with the market? Probably not, at least not without negotiation. I have access to rates from dozens of lenders and will find you the best available for your situation.
02
Should you lock in for 5 years, or does a shorter term make more sense right now? That depends on where rates are headed, your plans for the property, and your risk tolerance. There's no universal right answer.
03
This is a conversation worth having at every renewal. Variable rates have historically saved money over time, but they require comfort with fluctuation. Fixed rates offer certainty. Which one fits your life right now?
04
You are not obligated to stay with your current lender. Switching at renewal is penalty-free and opens up the full market. Sometimes your existing lender is still the best option. Often, they're not.
05
Do you want to consolidate debt? Access equity? Increase prepayment privileges? Renewal is the moment to restructure without paying to break your mortgage early.
When to Reach Out
Reach out 4 to 6 months before your renewal date. That gives us time to compare the market properly, lock in a rate hold with your preferred lender, and handle any documentation. You won't feel rushed, and you won't be making decisions with a deadline breathing down your neck.
If you already have a renewal letter in hand and the date is coming up fast, reach out immediately. There's almost always still time to improve on what your bank is offering.
Book a renewal review→Get Started
Not sure if this applies to your situation? One call usually gives you a clear answer.
