Nearly half of homeowners will renew their mortgage this year — and most will leave money on the table without even realizing it.

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Here’s how to make sure you get the best possible renewal 👇

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1️⃣ Start Early — Review Your Renewal NOW

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Being proactive gives you options.

Starting months early allows you to:

✔️ fix credit report errors

✔️ plan around job or income changes

✔️ structure your file for the best rate + terms

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Waiting until the last minute always limits your choices.

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2️⃣ Never Just Sign the First Offer

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Lenders COUNT on you doing this.

They often send a higher rate or less-favourable terms hoping you’ll sign for convenience.

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That mistake can cost you thousands.

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3️⃣ Rate ≠ Best Renewal

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Everyone thinks “lowest rate wins.”

Wrong.

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Terms matter far more.

You may need to break your mortgage later because of:

✔️ rate changes

✔️ divorce

✔️ health issues

✔️ job changes

✔️ investment opportunities

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A cheap rate with brutal penalties is NOT a good deal.

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4️⃣ Consider Lender Behaviour

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Some lenders strategically set a higher prime rate or renewal rate because they know:

➡️ it’s too expensive for you to leave

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Their business model relies on you NOT shopping around.

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5️⃣ Remember: Your Lender Has a Bias

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Their job is to maximize their profit — not yours.

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Don’t be handcuffed by terms designed to trap you.

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6️⃣ Don’t Rate-Shop Alone — It Hurts Your Credit

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Every time YOU apply with a lender, you take a credit score hit.

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A mortgage professional can shop:

✔️ banks

✔️ credit unions

✔️ monoline lenders

…with one credit pull.

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This alone can save you 0.30%–0.50%.

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7️⃣ Avoid Online Rate Traps

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Many online rates are:

❌ inaccurate

❌ restricted

❌ not applicable to your situation

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Rates vary based on:

• insured vs uninsured

• purchase vs renewal

• switch vs refinance

• salary vs self-employed

• condo vs house

• credit score tier

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The wrong assumptions can cost thousands.

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8️⃣ Use an Independent Mortgage Professional

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We evaluate all your options — including staying with your current lender if that’s best.

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There’s no cost for advice, and it protects you from:

✔️ overpaying

✔️ bad terms

✔️ unnecessary penalties

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💬 Final Thought

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Your mortgage is likely your largest financial commitment — the renewal process deserves proper strategy, not autopilot.

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If you want the best renewal options laid out clearly (with zero pressure), message The Frontline Mortgage Group anytime. We’ll help you save money and avoid traps. 💬