Renewal Rate Check
647-894-9664  ·  melwafa@myperch.io
Mortgage renewal & refinance — Ontario

Your lender's renewal offer is a starting point, not their best rate.

Renewal notices usually land 90–120 days before your mortgage matures — and most homeowners just sign what's in the envelope. A five-minute check tells you whether that number is actually competitive.

Check my renewal rate No cost. No obligation. Answer in 1 business day.

What "just signing" can cost you

An illustrative example — not a quote. Your actual numbers depend on your balance, amortization, credit, and the lender at the time you renew.

$500,000 balance · 25-yr amortization
Renewal offer
Shopped rate
Rate
5.89%
5.34%
Monthly payment
$3,166
$3,006
Difference over a 5-yr term
≈ $9,650
Illustrative example only, based on a hypothetical $500,000 balance at a 25-year amortization. Not a rate quote or commitment to lend. Rates change daily and are subject to lender approval.

Why this is worth five minutes

Renewal offers aren't negotiated for you

Your current lender's renewal letter is priced to keep you, not to compete for you — there's often room to do better elsewhere, or even with the same lender if you ask.

Staying put skips the stress test

Renew with your existing lender and you typically don't requalify under the stress test. Switch lenders, and you do — worth knowing before you decide which way to go.

Refinancing can do more than lower a rate

Consolidating higher-interest debt or accessing equity at renewal time can be more efficient than doing it separately later.

It costs you nothing to compare

Shopping your renewal doesn't affect your current mortgage unless you decide to move. Worst case, you confirm your lender's offer was already fair.

How it works

01

Share your renewal details

Your maturity date, balance, and what you're hoping to accomplish — renew, refinance, or something more specific.

02

Get a rate comparison

A same-lender and market comparison back in your inbox within one business day, in plain numbers.

03

Decide, with no obligation

Stay, switch, or refinance — whatever makes sense once you can actually see the comparison.

Request your renewal check

Takes about two minutes. A licensed mortgage professional will follow up directly — no automated sales calls.

Your information is used only to prepare your rate comparison and is never sold.