Your renewal letter is an opening bid, not the best rate.
Lenders bank on renewal inertia — the letter you received is the rate they hope you'll sign without shopping. We take your renewal to the market and tell you whether staying or switching wins, before your deadline.
- Licensed FSRA brokerage
- No cost on A-lender renewals
- Access to 140+ lenders
Who should shop their renewal.
Letter-in-hand renewers
You received a renewal offer and want to know if it's competitive before signing.
Approaching maturity
Your term ends in the next few months. Starting early means leverage, not a last-minute scramble.
Changed circumstances
Your income, debts, or goals have shifted since you last signed — your renewal is a chance to restructure.
Rate-sensitive households
A small rate difference compounds over a full term. On a large balance, shopping the renewal is worth real money.
Stay or switch — we run both.
The renewal letter is the easiest rate to accept and rarely the best one to.
We take your maturity date and balance and shop the full market against your current lender. Often your existing lender will sharpen their offer once they know you are looking — and if a switch wins, most lenders cover the switch costs on a straight transfer.
A renewal is also the cleanest moment to restructure: change amortization, add a prepayment privilege, or roll in a small equity need. We surface those options instead of just chasing the headline rate.
What actually happens at renewal.
When your term ends, your lender sends a renewal letter — a rate they hope you’ll sign without shopping. You can accept it, negotiate it, or switch lenders.
Switching at maturity is clean: there’s no prepayment penalty, and on a straight transfer most lenders cover the switch and discharge costs. Once your current lender knows you’re comparing offers, they often sharpen their rate too.
Renewal is also the easiest moment to restructure — change amortization, add prepayment privileges, or adjust your term — without the friction of a mid-term refinance.
Run your numbers in the calculatorYou have a renewal letter in hand
You want to know whether the offered rate is competitive before you sign anything.
You’re within 3—4 months of maturity
Starting early gives you negotiating leverage and time to switch cleanly if switching wins.
You carry a large balance
A small rate difference compounds over a full term — on a big balance, shopping the renewal is worth real money.
- You’re mid-term, not at maturity — breaking early triggers a penalty, which makes it a refinance.
- You also need to pull equity out — that turns it into a refinance with different mechanics.
- You’re fine auto-renewing at the posted rate — that’s the one choice that reliably costs you money.
From letter to the best available rate.
We shop your renewal and handle the switch if switching wins.
Intake
Your maturity date, balance, and current lender offer.
Market shop
We compare your renewal against the full lender market.
Stay or switch
A clear recommendation — and we negotiate with your current lender if staying.
Transfer
If switching, we handle the transfer so it completes before your deadline.
What you need now, and what comes later
You only need the first group to start. We request the rest as your file progresses — and we tell you exactly when.
Get the full document checklist
See exactly what we’ll ask for — grouped by when you need it, with what’s required vs. situational clearly marked. We’ll email you a branded PDF you can keep and work from.
A straight renewal needs less documentation than a new purchase. If you are restructuring or adding equity, the document set expands — we tell you up front.
How long it takes
- 01
Start: 3-4 months before maturity
Early starts give you negotiating leverage and time to switch cleanly. Even last-minute, we can usually act.
- 02
Intake to options: 24-48 hours
We return market comparisons within one to two business days.
- 03
Switch completion: before your deadline
A transfer is registered to complete on or before your maturity date, with no gap.
Questions buyers ask
Is my renewal letter the best rate my lender can offer?
Usually not. Renewal letters are priced on the assumption many borrowers sign without shopping. Once a lender knows you are comparing offers, they will often improve the rate. We make that comparison real.
Does switching lenders at renewal cost me anything?
On a straight transfer at maturity, there is no prepayment penalty, and most lenders cover the switch and discharge costs. If you are also taking out equity, it becomes a refinance, which has different mechanics.
When should I start the renewal process?
Three to four months before maturity is ideal — it gives leverage and time to switch cleanly. We can still act closer to the deadline, just with less runway.
Can I restructure my mortgage at renewal?
Yes — renewal is one of the cleanest moments to change amortization, add prepayment privileges, or adjust your term. We surface these options rather than just matching a rate.
What if I do nothing?
Most lenders auto-renew you into a posted or near-posted rate — typically the most expensive outcome. Doing nothing is the one choice that reliably costs you money.
Shop your renewal before the deadline.
Start your renewal review. About 10-12 minutes.
Review my renewal