Mortgage Renewals in the GTA
You don't have to accept your lender's first renewal offer. I compare rates and terms across 50+ lenders, whether you want a lower payment, a shorter amortization or access to your equity.
Why compare before you renew
Your lender's renewal offer is rarely their best rate. Comparing before you sign can lower your payment, shorten your amortization or open up options you weren't offered. Offers usually arrive 90 to 120 days before your term ends, so that's a good time to start.
What I look at
- Your current rate, term and when your renewal is due
- Whether to renew with your lender or switch to a new one
- Your amortization and payment goals
- Whether you want to access equity at renewal
How it works
- Start with your goalWe talk about what you want from this renewal, whether that's a lower payment, a shorter amortization or access to equity.
- I compare the marketI check what 50+ lenders can offer against your current lender.
- You decideWe go over the options and I handle the paperwork.
I want you to know what I know, so we make an informed decision together. My aim is a relationship that lasts longer than your mortgage.
Mortgage Renewal Document Checklist
A one-page list of what to have ready, so renewing goes smoothly.
Common questions
Should I accept my lender's renewal offer?
Not automatically. Compare it first. It's rarely their best rate.
Is there a penalty for switching at renewal?
Generally no penalty applies at the end of your term, and many lenders cover switch costs. I'll confirm for your situation.