If this is your first mortgage renewal, you’re not alone in wondering what happens next. The good news? You have more options — and more control — than you might think.
Here’s what to know as your first renewal approaches.
What Happens at Renewal?
Your lender will typically send a renewal offer a few months before your term ends. It may look simple — sign and return — but that doesn’t mean it’s your only option.
At renewal, you can:
- Stay with your current lender
- Switch lenders
- Change your rate type or term
- Adjust your mortgage strategy based on your current goals
Why Your First Renewal Matters
Since you originally bought your home, a lot may have changed:
- Your income
- Your equity
- Your lifestyle and priorities
Your renewal is a chance to make sure your mortgage reflects today’s version of you — not just the version from years ago.
What to Prepare
- Your current mortgage details
- Any renewal offers received
- An idea of what you want next (lower payments, flexibility, paying down debt, future plans)
How We Help
Unlike a bank, we don’t just look at one option. We:
- Compare lenders and strategies
- Review your renewal offer with you
- Help you decide whether staying put or switching makes sense
If your current lender’s offer works — we’ll tell you. If it doesn’t — we’ll help you find a better fit.
Your first renewal is an important milestone. Having the right guidance can make all the difference.
Book a renewal review with us and let’s walk through it together.
