Mortgage Renewals

Don't Just Sign Your Renewal Letter.

Your lender's renewal offer is only one option. We compare the market so your new term works harder for you, with no obligation and, on most residential mortgages, no cost to you.

Review My Renewal Call (905) 409-4504

Why It Matters

Your Renewal Is a Chance to Do Better

When your term ends, your lender will send a renewal offer, and it is tempting to sign and move on. But rates and terms vary from lender to lender, and a small difference in rate can add up over a full term.

We review your current mortgage, compare offers from our lender network and explain your options in plain language, so you renew knowing what else is available.

Review My Renewal

At a glance

Cost to you
Free on most residential mortgages

Timing
Best started well before your term ends

Your options
Renew, switch lenders, refinance or adjust your terms

Obligation
None. Compare first, then decide

Your Options

Four Ways to Renew

Renewal is more than a yes or no. Here are the paths open to you.

Renew With Your Lender

Stay where you are and sign a new term. We compare your lender's offer against the market so you can see whether it holds up.

Best if: you like your lender and the offer is competitive

Switch Lenders

Move to a new lender when your term ends. Because the term is over, there is typically no prepayment penalty for leaving.

Best if: another lender offers better rates or terms

Refinance at Renewal

Change the amount you borrow to access equity, consolidate debt or fund a project.

Best if: you need funds for renovations, debt or investments

Adjust Your Terms

Change your term length, rate type or amortization to fit where you are now.

Best if: your income, plans or comfort with risk have changed

Why Compare

What a Second Opinion Can Change

A renewal offer tells you what one lender will do. Comparing shows you what the whole market will do.

Compare My Options

One offer is not the market

Your lender's offer shows one set of rates and terms. A broker shows you many.

Small gaps add up

Even a small difference in rate can mean meaningful savings across a full term.

More than the rate

Prepayment privileges, term length and flexibility all shape what a mortgage really costs.

Penalty-free switching

When your term ends you can usually move lenders without a prepayment penalty.

A chance to restructure

Renewal is a natural moment to adjust amortization, consolidate debt or tap equity.

No pressure

You are never obliged to accept your lender's first offer, or ours.

Your Renewal Timeline

Four Steps to a Better Renewal

Receive Your Notice

Your lender sends a renewal offer, often months before your term ends.

Call Us

Share your renewal notice and we review your mortgage in a free consultation.

We Compare

We compare offers from our lender network and show you the real differences.

Decide and Sign

You choose the option that fits, and we manage the paperwork.

Start early. The sooner we see your offer, the more time you have to compare.

Get Ready

What to Send Us

Every mortgage is different, and we will confirm exactly what we need. These items get us started.

✓ Your renewal notice or latest mortgage statement

✓ Your lender's name, current rate and renewal date

✓ Recent proof of income, if your situation has changed

✓ Government-issued photo ID

✓ Any plans that could affect your term, such as selling, renovating or retiring

✓ Details of any debts you are thinking about consolidating

Common Questions

Mortgage Renewal Questions, Answered

Can't find what you're looking for? Call us at (905) 409-4504 or send a message and we will get back to you quickly.

Ask a Question

When should I start looking at renewal options?

As early as possible. Lenders often send renewal offers months before your term ends, and the more time you have, the easier it is to compare. Send us your notice as soon as it arrives.

Do I have to accept my lender's renewal offer?

No. You are free to negotiate, compare and switch. We help you see how your lender's offer stacks up before you decide.

Can I switch lenders at renewal without a penalty?

In most cases, yes. When your term has ended, you can typically move to a new lender without a prepayment penalty. We will confirm the details for your mortgage.

Can I access equity or consolidate debt when I renew?

Yes. Renewal can be a good time to refinance, borrow against your equity or roll high-interest debt into your mortgage. We show you the full cost so you can see whether it makes sense.

What if I want to change my mortgage before my term ends?

You may face a prepayment penalty for changing a mortgage early. We calculate it upfront and show you whether the savings outweigh it.

Does it cost anything to work with a mortgage broker?

For most residential mortgages our service is free to you, because we are compensated by the lender. If a fee ever applies, for example on certain private or commercial files, we will tell you upfront in writing.

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