Mortgage Renewals
Your lender's renewal letter is rarely their best offer. Before you sign, let me shop your renewal across 30+ lenders and negotiate the rate you actually deserve.
Your renewal letter isn't the best offer.
Lenders count on busy homeowners signing the renewal they're mailed. That posted rate is almost never the sharpest one available, and a single signature can cost you thousands over the term.
Around renewal time I shop your mortgage across the market, compare what switching could save, and negotiate, often securing a better rate at little or no cost to move.
The five minutes it takes to sign a renewal can be the most expensive five minutes of your year.
You're in the right place if…
These are the most common reasons clients let me handle their renewal.
- Your mortgage is up for renewal in the next few months.
- You received a renewal offer and aren't sure it's competitive.
- You want someone to shop and negotiate for you.
- You're considering switching lenders for a better rate.
- You want to roll in debt or change your term at renewal.
Before you sign, let me shop it for you.
A quick review now could save you thousands over your next term, at no cost to you.
Get StartedA simple, guided process
Review your offer
We look at your current rate, balance, and the renewal you've been offered.
Shop the market
I compare 30+ lenders and calculate what staying versus switching really saves.
Lock the best deal
I negotiate and handle the paperwork, often at little or no cost to switch.
Documents that help
A switch is usually simple. I'll tailor the list. document checklist.
- Government-issued photo ID
- Your current mortgage statement
- Your renewal offer letter
- Proof of income
- Recent property tax bill
The advantage of working together
A sharper rate
I negotiate against the whole market, not just your current lender's first offer.
Switch made easy
Moving lenders is often free and I handle the entire process for you.
Right structure
Renewal is the moment to adjust your term, payment, or roll in debt. We optimize it.
Make a smart decision at your mortgage renewal in Ontario.
Up to 70% of Canadians simply sign the renewal letter their bank mails them — and most leave money on the table by doing so. Your renewal is one of the best opportunities you will ever have to lower your rate and improve your terms, and here is how to make the most of it.
Why the renewal letter is rarely your best deal
When your term ends, your lender sends a renewal offer. It is convenient to sign, but that posted rate is often higher than what is available elsewhere, because the lender is betting you will not shop around. In a few minutes of signing, many Ontario homeowners commit to thousands of dollars in unnecessary interest over the next term.
A renewal is a no-strings moment: your mortgage is up, you owe no penalty, and you are completely free to move it to whichever lender offers the best rate and terms.
Renew, switch, or refinance
At renewal you have three choices. You can renew with your current lender — ideally after I negotiate a better rate than the letter offers. You can switch your mortgage to a new lender for a lower rate, usually at little or no cost. Or, if your needs have changed, you can refinance to access equity, consolidate debt, or change your amortization. I lay out all three with real numbers so the right path is obvious.
Start early to protect your rate
The ideal time to begin is about 120 days before your renewal date. That window lets me secure a rate hold and shop more than thirty lenders without any pressure, so you are protected if rates rise and positioned to benefit if they fall. Waiting until the deadline limits your options and often forces a rushed decision.
A free second opinion every time
Even if staying with your current lender turns out to be the best move, it is worth confirming that with an expert who works for you, not the bank. I review your renewal at no cost, compare it against the whole market, and either negotiate a better deal where you are or move you somewhere better. Either way, you renew knowing you got the strongest rate available in Ontario.
Fixed or variable at renewal?
Renewal is the perfect moment to revisit whether a fixed or variable rate suits you now. A fixed rate locks your payment for the entire term, giving you certainty and protection if rates climb — valuable if your budget is tight or you simply prefer predictability. A variable rate moves with the Bank of Canada’s benchmark and has historically cost less over time, but it requires comfort with some payment fluctuation. The right answer depends on your finances, your risk tolerance, and where rates appear to be heading.
It is also worth reviewing your amortization and prepayment privileges at renewal, not just the rate. If your income has grown, shortening your amortization or increasing payments can save years of interest. If money is tighter, extending it can ease monthly pressure. Many homeowners across Toronto and the GTA never reconsider these terms and stay on autopilot for decades. I treat every renewal as a fresh strategy session, aligning your rate type, amortization, and lender with where your life is today rather than where it was five years ago.
Your questions, answered.
Usually not without checking. Their posted renewal rate is rarely their best, and a quick review often beats it noticeably.
Many lenders cover the switch costs, and savings frequently outweigh any small fees. I'll show you the net number before you decide.
About four months before your maturity date. That gives time to shop, negotiate, and lock a hold without rushing.
Yes. Renewal is the ideal time to adjust your term, switch to a better rate, or consolidate debt. I'll tailor it to your goals.
Get started with Mortgage Renewals
Tell me a little about your situation and I'll get back to you with clear, honest advice — no pressure, no obligation.
(416) 388-1505