A renewal notice is a starting point—not a requirement to accept the first offer without asking questions.
Review more than the rate
Compare the offered rate with other available options, but also look at the term, payment frequency, prepayment privileges, portability and penalties for breaking the mortgage early.
Think about changes ahead
Are you planning renovations, moving, consolidating eligible debt or paying the mortgage down faster? Your plans can affect which mortgage features matter most.
Start early
Give yourself time to review options before the maturity date. Switching lenders may require an application and supporting documents, and approval is not guaranteed.
Ask for a clear comparison
Request an explanation of the total cost and restrictions of each option. A lower rate does not automatically mean the best fit for every borrower.
Let’s talk about your next step
Contact me to discuss your questions. A consultation does not guarantee approval or coverage.
Contact Marie