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Mortgage renewals & switches

Don't just sign the bank's renewal letter. Most people accept the first rate they're offered and quietly overpay for years. We shop the whole market so you renew, or switch lenders, on the best terms available.

Your renewal letter is a starting point, not the best offer

When your term ends, your lender mails a renewal offer, and they're counting on you to sign it without shopping around. The rate they lead with is rarely the sharpest one available. A few minutes of comparison can mean thousands of dollars over your next term.

We review your renewal against 50+ lenders. If your current lender is competitive, great. We'll help you renew with confidence. If a switch saves you money, we handle the move, often at little or no cost to you.

Renew or switch? We'll tell you which

Renewing with your current lender

Sometimes staying put, on better terms we negotiate, is the right call. We make sure the offer on the table is genuinely competitive before you sign anything.

Switching to a new lender

At the end of your term you can usually move your mortgage to a different lender without a penalty. Many lenders even cover the switch costs to earn your business. We compare the all-in numbers (rate, fees, and features) so the switch is a clear win, not just a lower headline rate.

Timing it right

The sweet spot to start is about four to six months before your renewal date. That gives us time to shop, secure a rate hold, and complete a switch smoothly before your current term expires.

Who this is for

  • Your renewal date is within the next six months
  • You've been auto-renewing and suspect you could do better
  • You want someone to compare the market for you, not just take the bank's offer
  • Your situation has changed and you want to review your options
Good to know

Renewal & switch FAQs

What's the difference between renewing and switching?
Renewing means staying with your current lender for a new term. Switching means moving your existing mortgage balance to a new lender for a better rate or features, without increasing the loan amount. We compare both and recommend whichever serves you best.
Does it cost anything to switch lenders at renewal?
Often very little. At the end of your term there's typically no penalty to switch, and many lenders cover the discharge and legal costs to win your business. We'll lay out any costs up front so the comparison is honest.
When should I start the process?
About four to six months before your renewal date. Starting early lets us secure a rate hold and complete any switch smoothly before your current term ends, with no gap and no rush.
Do I have to re-qualify to switch?
A straight switch (same balance, no new money) involves a standard application and credit check, but it's usually straightforward. If your income or credit has changed, we'll know which lenders to approach. We handle the paperwork either way.

Before you sign that renewal letter, talk to us.

A quick quote could save you thousands over your next term. No pressure, no obligation.

Get my quote Book a call Call 403-731-3156