Your mortgage is renewing.
Don't sign the first offer.
Your lender's renewal letter is an opening offer, not the best one. Get a free guide for your situation, plus a match to one licensed Ontario broker who shops 30+ lenders for you. Free, no obligation.
Get Your Free GuideWhat you'll learn
The real cost of auto-renewing
Your lender's first offer is rarely their best. See how much Ontario homeowners leave on the table by not comparing.
The 2024 stress-test change
Uninsured mortgage holders can now switch lenders at renewal without re-passing the stress test. Learn if this applies to you.
Your 120-day timeline
The most effective renewal strategy starts 120 days out. We'll show you exactly what to do at each milestone.
Why you should never auto-renew
Figures shown are indicative and for general information only, subject to qualification and lender approval, OAC. Not a quote. A licensed mortgage broker provides your personalized quote.
The rules changed in 2024. Switching is easier now.
In November 2024, OSFI removed the stress-test requirement for uninsured mortgage holders doing a straight switch to a new lender at renewal. Before this, switching meant re-qualifying at a higher benchmark rate. That kept a lot of homeowners stuck with their current lender even when better rates existed. Insured borrowers were already exempt, so now the barrier is gone for most homeowners.
If you put 20% or more down, your mortgage is likely uninsured, and this change is for you. As long as you keep the same balance and amortization, you can now shop for the best rate at renewal without worrying about failing a qualification test.
Read the full breakdownHow it works
Answer a few questions
Tell us when your mortgage renews, your approximate balance, and where you are in Ontario. Takes under 2 minutes.
Get your personalized guide
Receive a personalized summary of your situation on screen, plus a comprehensive renewal guide by email.
Get matched to a licensed broker
We connect you with one vetted, FSRA-licensed Ontario broker who shops 30+ lenders and prepares your comparison. Free, no obligation.
Get your free personalized renewal guide
Answer a few quick questions and we'll send you the guide, personalized to your renewal.
Frequently asked questions
Is this really free?
Yes. The guide is free and the broker match is free. Licensed mortgage brokers are paid by the lender, not by you. No cost, no obligation.
Who sees my information?
Your information goes to one matched licensed mortgage broker who will prepare your comparison. We don't add you to marketing lists, sell to data brokers, or share with third parties.
Is BeforeYouRenew.ca a brokerage?
No. BeforeYouRenew.ca is a referral service, not a brokerage. We match you with one licensed Ontario mortgage broker (regulated by FSRA) who provides all advice and quotes.
Why shouldn't I just sign my renewal letter?
Your lender's first renewal offer is almost never their best rate. On a $400,000 balance, the gap between the renewal letter and the best available rate can be $1,000 to $4,000+ over a five-year term. Signing without comparing is the most expensive easy thing you'll do this year.
Do I need to pass the stress test to switch lenders at renewal?
Often not. As of the November 2024 OSFI rule change, uninsured mortgage holders can switch lenders at renewal on a straight switch (same balance and amortization) without re-qualifying under the stress test. Insured borrowers were already exempt. Shopping your renewal just got a lot simpler.