Mortgage Renewal Mistakes to Avoid

Did you know that 70% of homeowners just sign the renewal offer from their bank without shopping around? That’s like leaving free money on the table! Here’s how to avoid common renewal mistakes:

1. Accepting the First Offer

Your bank’s first renewal offer is rarely their best. Solution: Let me negotiate on your behalf — I often find better rates with other lenders.

2. Waiting Until the Last Minute

You can start shopping around 120 days before your renewal. Solution: Reach out to me early, and I’ll lock in the best rate before your term ends.

3. Not Reviewing Your Needs

Your life may have changed since you first got your mortgage (new job, family, etc.). Solution: Let’s review your finances to see if a different term or product is better.

4. Ignoring Penalties & Flexibility

Renewals are a chance to switch to a mortgage with better prepayment options or lower penalties.

Want to save on your renewal? I can compare the market and find a deal that suits you — and I’ll handle the heavy lifting.