Homeowners often choose to stay with their current lender when renewing their mortgage because they believe it saves time. However, I can assist in assessing the rates and terms offered by your current lender during the renewal process. It's also important to consider any changes in your financial situation, such as debt consolidation, using home equity, or future property plans. If you're looking to pay off your mortgage faster or leverage your home equity, exploring refinancing options is advised. This can help you take advantage of changes in interest rates, use your equity, increase your mortgage amount, or adjust your amortization. By seeking guidance from top lenders in Canada, you can ensure you make the best renewal decisions. Don't sign renewal forms without questioning the terms in order to secure the most favorable rate. By having multiple lenders compete for your business, you can benefit from competitive rates. Finally, take advantage of innovative tools available in Canada that simplify the mortgage process and provide optimal options.