Is it really free to switch lenders at renewal?

For a straight switch (same balance, same amortization), most lenders cover the legal and discharge fees. If you're also increasing the balance, it becomes a refinance with normal costs.

Will I have to re-qualify under the stress test?

A straight switch at renewal is exempt from the stress test at most lenders — a great win for clients whose situation has changed since they first qualified.

How early can I lock in a renewal rate?

Up to 120 days before your maturity date at most lenders. Earlier is better when rates are rising; less important when rates are stable or falling.

What if my credit dropped since I got the mortgage?

We'll discuss whether to switch (re-qualifying) or stay (no re-qualification required). Sometimes staying is the smart move.

What if I'm still inside my term?

You'd pay a penalty to break the mortgage. We'll calculate the penalty against the savings and tell you honestly whether to break early or wait.

Mortgage Services

Don't auto-renew. Shop your mortgage at renewal.

Your bank sends a renewal letter. There's a rate at the top. It looks fine. You sign it, or you don't even bother signing — it renews itself. That's exactly what your bank wants. Here's the reality: renewal time is the one moment you have maximum leverage. Switching lenders is free in most cases. Shopping for a better rate can save you 0.25% to 0.75% — which on a $400,000 mortgage is $1,000 to $3,000 a year. Rahul does this work for you for free, starts 4 months before your renewal, and tells you honestly whether to switch or stay.

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When to call Rahul

Your mortgage is up for renewal in the next 4 months
You're partway through your term and wondering if it's worth switching now
Your bank sent you a renewal offer and you want a second opinion before signing

How Rahul handles your renewal

Step 1 — Start 120 days out

Most lenders let you lock a new rate up to 120 days before your current term ends. We start the conversation early so you have options, not pressure.

Step 2 — Compare your bank's offer to the market

We pull the best current rates from our 50+ lenders for your specific file. If your bank's offer is the best one, great — you stay. If not, we move you.

Step 3 — Switch (or stay) cleanly

If you switch, the new lender usually covers your legal and discharge fees on a straight switch (no new money). It's free, fast, and easy.

Step 4 — Plan around your life

If you're thinking of refinancing for renovations or debt consolidation, renewal is the perfect time to combine the conversations.

The “blend and extend” trap

Your bank may offer to “blend and extend” — combining your current rate with a new rate for a longer term. Sometimes it's a great deal, often it's not. The math is opaque on purpose. We do the actual calculation and tell you whether to take it.

A real client's story

“My TD renewal letter offered 5.49%. I almost signed it. Rahul got me 4.74% at a credit union with the same features. I saved roughly $4,000 over the term and the switch took 20 minutes of paperwork.”

— Homeowner, Bedford (paraphrased)

FAQ

Ready to start?

Got your renewal letter? Email or text it to Rahul. He'll tell you in 24 hours whether to sign it or shop it.

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