Mortgage Renewal & Switch in Ontario
Don't just sign your bank's renewal letter — that's how you overpay. Let me shop it for you, penalty-free.
When your term ends, your lender sends a renewal offer that's rarely their best rate — they're counting on you to sign without shopping. At renewal you can switch lenders with no penalty. I'll compare your renewal against 88+ lenders and, more often than not, save you thousands over your next term.
What you get
Switch with no penalty
At the end of your term you can move to a better lender without breaking-fee penalties.
Beat the bank's offer
Renewal letters are seldom the best available rate — shopping typically beats them handily.
Re-evaluate your goals
Renewal is the perfect moment to change your amortization, payment, or add a HELOC.
I handle the paperwork
A switch is straightforward — I manage the process so it's effortless for you.
Simple, from first call to close
Send me your renewal letter 3–4 months before your term ends.
I benchmark it against 88+ lenders and show you the better options.
If it makes sense to switch, I handle the paperwork — penalty-free.
Common questions
When should I start looking at my renewal?
About 120 days before your term ends. Many lenders let you lock a rate that far out, protecting you if rates rise while giving you time to shop.
Does switching lenders at renewal cost anything?
At the natural end of your term there's no prepayment penalty. Some switches have small administrative or appraisal costs, which lenders often cover — I'll confirm before you decide.
Is it worth switching for a small rate difference?
Even 0.25% on a large balance adds up to thousands over a five-year term. I'll show you the exact dollar difference so it's an easy decision.
Other programs
Let's get you approved
Free, no credit check, no obligation. See your best rate in 60 seconds.
