Your mortgage renewal is a decision point — not just a piece of paperwork. Before signing the offer from your existing lender, take a moment to see what else is available.
When your lender sends a renewal offer, it can be tempting to sign and move on. But your mortgage may have changed since you first arranged it.
Your balance, income, goals, rate environment and plans for the next few years may all be different.
The right comparison looks at the mortgage as a whole.
Compare the offered rate with appropriate alternatives and understand what you're getting in return for the rate.
Consider how long you want to commit based on your plans, expectations and tolerance for change.
Review prepayment privileges, portability and other features that can matter over the life of the mortgage.
If you may move, renovate, consolidate debt or change your borrowing needs, today's renewal choice can affect tomorrow's options.
A renewal conversation doesn't need to be complicated. It just needs to happen before you're locked into the next term.
Look at your current mortgage and renewal offer.
Talk through your goals and what has changed.
Review suitable options from multiple lenders.
Move forward with the option that fits your situation.
Bring your questions and your situation. We'll look at the options together before you decide what to do.
Book a Free ConsultationA straightforward conversation about your mortgage goals.