Why Shop Your Mortgage Renewal?
Shop 30+ Lenders
Compare your renewal rate against 30+ prime Canadian lenders — not just your current bank.
No Penalties at Maturity
Switch lenders penalty-free when your mortgage reaches its maturity date.
Save Thousands
Potential savings of thousands over your term by securing a better rate.
180-Day Rate Hold
Lock in a rate up to 180 days before your renewal date for extra protection.
Renegotiate Features
Renegotiate prepayment privileges, payment frequency, and other mortgage features.
Simple Transfer Process
We handle all the paperwork and transfer logistics — you do nothing but sign.
Don't Just Accept Your Bank's Renewal Letter
When your mortgage comes up for renewal, your current lender sends you a renewal offer — and most homeowners simply sign it without question. That's exactly what the banks count on. But at renewal, you're completely free to switch lenders with zero penalties, which means you have real negotiating power.
The Bank's Offer Is Rarely the Best
Your existing lender's renewal rate is often higher than what competing lenders would offer to win your business. By shopping your renewal across 30+ lenders, we typically find rates that are 0.5–1.5% lower — and over a 5-year term, that adds up to thousands of dollars in your pocket.
Start Early — 120 Days Before Maturity
The best time to start reviewing your renewal is 120 days before your maturity date. Most lenders offer a rate hold program that lets you lock in today's rate for up to 180 days. If rates drop before your renewal, you get the lower rate. If rates rise, you're protected. It's a no-lose situation.
Switching Lenders Is Easier Than You Think
Many homeowners worry that switching lenders at renewal is complicated or risky. It isn't. We handle the entire transfer process — from finding the best lender to managing all the paperwork and coordinating the switch. The new lender pays most of the transfer costs, including the appraisal and legal fees. Your payment schedule stays the same, and there's no disruption to your day-to-day finances. You simply start paying a lower rate to a new lender.
Get My Renewal Review
Our 3-Step Renewal Process
1. Early Review (120 Days Before)
We contact you 4 months before maturity to begin reviewing your options and securing a rate hold.
2. Rate Comparison
We compare your current lender's offer against 30+ other lenders to find the best rate and terms.
3. Seamless Transfer
We handle all paperwork to transfer your mortgage to the new lender at no cost to you.
How Much Could You Save?
Let's put real numbers to it. On a $400,000 mortgage, a 0.75% rate reduction saves approximately $200/month — or $12,000 over a 5-year term. And that's a conservative estimate. Some of our clients have saved even more by switching at renewal.
It Costs You Nothing
Our renewal review service is completely free. We're paid by the lender you choose, so there's no cost to you for shopping your renewal. There's literally no downside to letting us compare your options.
Our clients save an average of $200–400/month by shopping their renewal instead of accepting the bank's first offer.
Mortgage Renewal Frequently Asked Questions
Is Your Renewal Coming Up?
Don't sign your bank's renewal letter without checking your options first. Let us shop your renewal across 30+ lenders — it's free and could save you thousands.