Mortgage Renewals
Your Best Rate Is Just a Renewal Away
When your mortgage term ends, it’s time to renew, and that’s your opportunity to shop for a lower interest rate and better terms. At Lending Tree, we make mortgage renewal quick, transparent, and stress-free. Instead of automatically renewing with your current lender, you can compare multiple offers, ensuring you get the best rate possible. Whether you’re looking to reduce your monthly payments, pay off your mortgage faster, or lock in a fixed rate for peace of mind, we’ll help you find the perfect match.
Why Shopping Around Could Save You Thousands
Many homeowners simply sign their renewal papers without exploring their options, which can cost thousands over the life of the mortgage. By working with us, you gain access to a wide range of lenders and competitive rates, all in one place. We’ll guide you through the process, helping you consider important factors like interest rates, amortization period, prepayment privileges, and any penalties for breaking your mortgage early. Our goal is to empower you with the information you need to make a smart financial decision. Apply now to secure the best mortgage renewal rates today.
Things to Consider Before Renewing
Before committing to your mortgage renewal, it’s important to think beyond just the rate. Consider whether you’ll need more flexible payment options, if you might move or refinance before your next term ends, and whether a fixed or variable rate suits your lifestyle and budget. Lending Tree experts can walk you through each of these factors, helping you choose a renewal plan that works for both your short-term needs and long-term goals.
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Smarter Renewals Start at LendingTree
More Choices, One Place
Compare mortgage offers from top banks, credit unions, and reputable alternative lenders without the hassle of visiting multiple sites.
Shop for the Lowest Rates
We focus on securing competitive interest rates to save you money.
Review and Improve Your Mortgage
Renewal is the ideal time to re-evaluate your goals and ensure your mortgage still works for your financial needs.
Proven Success
A trusted history of helping Canadians get better mortgage deals and keep more money in their pockets.
Ready to Renew and Save?
Whether you’re securing a lower rate, improving your terms, or accessing your home equity, LendingTree makes mortgage renewal simple. Compare renewal offers today and discover how much you could save.
Frequently Asked Questions
When should I start looking at mortgage renewal options?
It’s smart to start reviewing renewal options about 4–6 months before your current term ends. This gives you enough time to compare lenders and lock in a great rate.
Can I switch lenders during renewal?
Yes, you can change lenders at renewal if another lender offers better rates or terms. Just be sure to factor in any fees or requirements for the switch.
What factors should I consider besides the interest rate?
Consider the term length, payment flexibility, and prepayment privileges available. Also, check for potential penalties that could apply in the future.
Can I change from a fixed rate to a variable rate at renewal?
Yes, renewal is the ideal time to switch between fixed and variable without a penalty. This allows you to adjust your mortgage to current market conditions.
Will renewing my mortgage affect my credit score?
If you stay with your current lender, your credit score won’t be affected. Switching lenders may require a credit check, which could cause a minor, short-term dip.