Your renewal letter is an opening offer, not your best rate. Renewal is the one moment you can switch lenders with almost no friction, so it's worth a look before you sign. I'll do the looking for you.
Worth comparing before you sign. Send it to me first!
Most lenders will hold a rate for you that far ahead at no cost and no obligation, so you lock in protection and keep shopping.
Whether a switch beats your letter depends on your balance, term, and lender. We run your real numbers together before you decide anything.
That first number is an opening offer. There's usually a better one, sometimes from your own bank once they know you're shopping.
At the end of your term, moving lenders is often free and mostly paperwork I take care of for you. Frequently just an e-signature.
New goals since last time? Renewal is the perfect moment to adjust your amortization or tap a little equity while we're already in there.
Ideally 4 to 6 months out. A quick photo of it is all I need to start.
50+ lenders measured against your bank's offer, from one application.
See the monthly saving and break-even before you reply to that renewal letter.
Tell me roughly when your term ends, and I'll reach out about six months before, which is exactly the right time to start shopping it. No newsletters in between, just the one nudge that matters.
Four to six months before your term ends. Most lenders will hold a rate that far ahead at no cost, which protects you if rates rise while you compare.
At the end of your term, no prepayment penalty applies. A straight switch is mostly paperwork, and new lenders often cover or credit the transfer costs.
Yes, a new lender underwrites your income, credit, and property fresh. A simple renewal with your existing lender typically doesn't requalify you, and that trade-off is worth a conversation.
Then sign it happily. I compare the market against the letter, and when your bank wins I say so. The point is knowing, not switching.
Honest, jargon-free answers to the questions people ask most about renewing live on the main FAQ page.
Send me a photo of the letter and I'll compare it against the market. If nobody beats it, I'll say so, and you can sign with confidence.