Mortgage Renewals — Don't Just Sign What Your Bank Sends You
Most homeowners renew with their current bank automatically, without comparing rates. A few minutes of shopping around at renewal time could save you thousands over your next term.
Why Shop Your Renewal
- Banks rarely offer their best rate on a renewal letter
- Switching lenders at renewal usually involves no penalty
- It's a natural checkpoint to reassess your goals — payoff timeline, cash flow, or accessing equity
How the Process Works
Send me your renewal letter around 4 to 6 months before it's due. I'll compare it against the market and let you know if staying or switching makes more sense — with no cost to you.
Frequently Asked Questions
Typically no, as long as you switch at the end of your term rather than breaking it early.
Renewal Coming Up?
Send me your renewal letter and I'll tell you if you can do better.