Most homeowners simply sign the renewal offer their bank sends — and that's exactly where thousands quietly slip away. See what your renewal really looks like, and what shopping it could save you — not just on rate, but on what it could cost to leave your lender later. No email needed to see your numbers.
This is an estimate. In a free 15-minute call we'll shop your renewal across lenders and see what you actually qualify for — calmly, no pressure.
Book my free strategy call Start my applicationOr have your full breakdown emailed to you:
Your details stay private — I'll never sell your info or spam you.
All figures are estimates for illustration only, using standard Canadian semi-annual compounding over your remaining amortization. "A competitive rate" is illustrative (shown 0.75% below the offer you entered) and not a quote. The break-penalty figures compare two IRD methods on the same mortgage — the contract-rate method used by monoline lenders and credit unions, and the posted-rate method used by big banks — for an illustrative scenario (about three years remaining in a five-year term, after a modest rate change); big-bank posted-rate IRD commonly runs roughly double. Actual penalties depend on your lender's posted rates, your original discount, and timing. Your real rate and penalty depend on your full application and lender; I can confirm exact figures for free.
Best, Leigh — The Mindful Mortgage