Mortgage Renewals

Your renewal is one of the best opportunities to save — don't just sign what your bank sends you.

Don't Leave Money on the Table

When your mortgage term ends, your lender will send you a renewal offer. Most Canadians sign it without shopping around — and that's a costly mistake. As your broker, I compare rates from dozens of lenders to make sure you're getting the best possible deal. Switching lenders at renewal is easier than you think, and I handle all the paperwork.

Why Work With a Broker at Renewal?

Access to more lenders

Your bank only offers their own products. I have access to major banks, credit unions, monoline lenders, and trust companies — all competing for your business.

No cost to you

My services are paid by the lender, not you. You get expert advice and rate shopping at zero cost.

Negotiate better terms

Beyond the rate, I look at prepayment privileges, portability, and penalty structures to make sure the mortgage fits your life.

Timing matters

I can start the renewal process up to 120 days before your maturity date, locking in a rate while still giving you flexibility.

When Should You Start?

Ideally, reach out 4–6 months before your renewal date. This gives us time to review your options, lock in a rate hold, and make any changes — like switching from variable to fixed, or adjusting your amortization — without rushing.

Renewal Options to Consider

Switch lenders

If another lender is offering a better rate, switching at renewal is straightforward. I handle the transfer and there are typically no legal fees.

Blend and extend

Want to lock in a new rate before your term ends? A blend-and-extend combines your existing rate with today's rate for a new term.

Refinance at renewal

Renewal is a great time to access equity, consolidate debt, or change your amortization — without the penalties you'd face mid-term.

Stay and negotiate

Sometimes your current lender offers the best deal. I'll help you negotiate from a position of strength.

Renewal FAQs

Can I switch lenders at renewal without penalties?

Yes. At the end of your term, you can switch lenders with no prepayment penalty. This is the best time to shop around.

What if I want to renew early?

Early renewal is possible but may involve a penalty. In some cases the savings from a lower rate outweigh the penalty — I can run the numbers for you.

How long does the renewal process take?

Switching lenders at renewal typically takes 2–3 weeks. Starting early gives you the most flexibility.

Renewal Coming Up?

Send me your renewal notice and I'll tell you within 24 hours whether you can do better. There's no obligation and no cost.

Get in Touch