Solutions · Buying & Renewing
Don't just sign the renewal letter.
Your renewal is the best opportunity in five years to improve your rate, your term, and your terms. We shop the market against your current lender's offer — usually at no cost, and often saving thousands.
- 120-day rate hold
- Switching is usually free
- No prepayment penalty at maturity
Your renewal is a fresh start.
Most Canadians simply sign their lender's renewal offer without shopping around. That can cost you thousands.
When your mortgage term is up, you have complete freedom to renegotiate your rate, change your term length, or switch to a different lender entirely — usually at no cost to you.
We compare your current lender's renewal offer against options across our entire network. In many cases we find a better rate, more flexible terms, or both. Even a small rate improvement compounds over five years.
How it works
How we approach a renewal.
Review your renewal offer
Send us your lender's renewal letter and we'll tell you how it compares to what's actually available in the market right now.
Compare your options
We shop 30+ lenders and present you with a clear side-by-side so you can decide based on the full picture — not just the rate.
Seamless switch or stay
Whether you stay with your current lender or switch, we handle the paperwork and coordination. You don't lift a finger.
What you get
What we bring to a renewal.
Rate comparison
We compare your renewal offer against dozens of alternatives. Even 0.25% across a five-year term is real money.
Free to switch
At renewal, switching lenders is usually free. Your new lender typically covers legal and appraisal costs as part of the deal.
Term flexibility
Renewal is the right moment to reconsider your term length, payment frequency, and prepayment privileges based on where you are now.
No prepayment penalty
Switching at maturity means no prepayment penalty. You have complete freedom to negotiate — and complete freedom to walk.
120-day rate hold
We can lock in a rate up to 120 days before your maturity date, protecting you from increases while you finalize the decision.
Changed circumstances
If your income or credit situation has changed, we can find lenders that work with your current profile instead of forcing the same product on you.
When to start your renewal process.
Earlier is almost always better. Here's the timeline that works.
Start shopping at least 120 days (four months) before your maturity date. This gives you time to compare options and lock in a competitive rate without any pressure.
Your current lender will typically send a renewal offer 21 days before maturity. By that point, you should already have your comparison done — otherwise you're negotiating from a position of weakness with the clock ticking.
If your renewal date is approaching and you haven't started yet, reach out now. We can often fast-track the process and still find you a better deal than your lender's initial offer.
Common questions
Frequently asked.
Start at least 120 days (four months) before your maturity date. This gives you time to compare options, lock in a competitive rate, and negotiate from a position of strength. Many lenders will hold a rate for 120 days, so starting early protects you from rate increases.
Yes. At maturity, you are free to move your mortgage to any lender without paying a prepayment penalty. The new lender typically covers legal and appraisal costs, making the switch free in most cases. It is one of the best opportunities to improve your rate and terms.
Changes in income, employment, or credit can affect your renewal options. If you stay with your current lender, they may renew without re-qualifying you. If you want to switch lenders for a better rate, you may need to re-qualify. We can assess your situation and find the best path forward.
Other ways we help.
Buying & Renewing
Refinance
If you'd benefit from restructuring before your term is up, refinance lets you do that — we'll calculate the penalty first.
Learn moreBuying & Renewing
Purchase
Looking at moving instead of renewing? We can structure your renewal and your next purchase as one conversation.
Learn moreAlternative Lending
Alternative Lending
If your current lender won't renew you because of a credit event or income change, alternative lenders may.
Learn moreReady to explore your options?
Renewal coming up?
Send us your renewal letter and we'll show you what else is on the table. No obligation, no pressure.