Don't Auto-Sign
Your Bank's Letter.
Most Canadians renew with their existing lender by default — without knowing what else is available. Tell us when your mortgage renews and we'll reach out roughly 6 months ahead with current market options and a free renewal review. No obligation, no pressure.
Your bank's renewal letter arrives 21–120 days before maturity. By then, many homeowners feel rushed. Getting ahead of it gives you the time and information to make a considered decision.
Set My Renewal Reminder
We'll reach out ~6 months before your renewal date with a market comparison and free review.
Why It Matters
Renewal is a negotiating moment.
Your bank wants you to renew without shopping. Here's what you gain by doing the homework.
Real Market Comparison
Your bank sets its posted renewal rate knowing most clients will accept it. Running a market comparison across 30+ lenders shows you what the actual competitive landscape looks like — giving you either a better offer or the confidence to stay put.
Switches With No Penalty
When your term reaches its natural end date, switching to a new lender typically carries no prepayment penalty. This is one of the few moments in a mortgage term where you have full flexibility. Timing it right costs nothing.
A Free Review, Not a Sales Pitch
Our renewal review looks at your full picture: remaining amortization, rate type, lender options, and whether your current structure still fits your goals. Many homeowners find that a renewal is also a good time to reassess their overall mortgage strategy.
Common Questions
Renewal FAQ
How early should I start looking at renewal options?
Most lenders allow you to lock in a new rate 120–180 days before your maturity date. Starting 6 months out gives you time to compare without pressure. If you wait until the renewal letter arrives, your bank already has the home-field advantage.
Does switching lenders at renewal cost anything?
When your mortgage term ends at its natural maturity date, switching to a new lender typically involves no penalty. There may be a small discharge fee from your current lender and legal costs — in many cases the new lender covers these as part of their offer. We walk you through what to expect before you decide.
Will shopping around hurt my credit score?
Multiple mortgage inquiries within a 14–45 day window (depending on the bureau) are treated as a single inquiry for scoring purposes. Shopping 2–3 lenders in a focused window has minimal credit impact and is a standard part of the process.
What if my situation has changed since I first got my mortgage?
Changes in income, property value, or financial goals can actually work in your favour at renewal. Increased equity may open doors to better terms, consolidation options, or a refinance that improves your overall position. The renewal conversation is a natural checkpoint to review everything.
Ready to explore your options?
Whether your renewal is months away or right around the corner — we're here to help you understand what's available.