Your renewal date is closer than you think — and the rate you signed in 2020–2022 is not the rate you’ll be offered in 2026. See your countdown and what different rates would do to your payment.
Want this breakdown run on your real numbers?
Get a free pre-approval check or call 780-720-8240.
Common questions
When should I start my mortgage renewal?
Start 4 months out. Your lender’s first offer is rarely its best, and a broker can hold a rate while you compare.
What happens if my renewal rate is higher?
Your payment rises at renewal. The calculator above shows by how much at different rates. Options include shopping lenders, adjusting amortization, or making prepayments before renewal.
Does switching lenders at renewal cost money?
Often little or no cost for a straight switch, with no penalty at renewal. Legal and appraisal costs may be covered by the new lender. A refinance is different from a switch.
Do you charge for a renewal review?
No. For most residential mortgages, the lender pays the broker when the mortgage funds.
Prefer to talk? Call Travis Bannert at 780-720-8240 or book a call.