A renewal is a decision point, not just a form to sign. Before you accept an offer, it is worth a look at where you stand and what has changed. Use this checklist to review your mortgage and your options, then bring it to us and we will walk through it with you.
Every approval is a photograph of one moment. Your income then, that property then, those rates then. It is a reading taken on a particular day, and that day becomes the fixed point everything else gets built on. Then life keeps moving and the photograph goes out of date. That gap is exactly what a renewal conversation is for.
Reviewing options across lenders. A straight switch at renewal may not require re-qualifying under the stress test, though rules and lender criteria vary.
Before You Sign
Review the renewal offer; do not auto-sign
Understand any costs to switch lenders
Consider consolidating higher-interest debt
Consider accessing equity with a refinance
Start the review early, a few months ahead
A renewal is a chance to review, not a formality. Do not just sign it. Starting a few months before your maturity date gives you time to look at the options. Bring us your checklist and we will compare what fits. The same goes for commercial and investment property renewals, which we review with you too.
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Coming up for renewal? Bring us this checklist and your current details, and we will walk through your options together so you can decide with the full picture. A licensed member of our team will follow up.
Information here is general and educational. It is not financial, legal, or lending advice, and it is not an offer of financing. The items that apply to you may differ, and your options depend on your situation. Any figures are illustrative only. All financing is subject to lender review, property review, and supporting documentation. Submission of a form does not guarantee approval or financing.
