Renewals guide · June 2026 · 4 min read
Fixed vs. variable: begin with your risk comfort
A simple framework for discussing rate type without chasing headlines.
Read time4 min read
Best forRenewals
Use it toAsk better questions
Before you read
Use this as a planning guide, not a checklist you need to perfect.
Mortgage decisions are individual. Save the parts that apply to your situation, write down your questions, and use them to make a more informed next move.
A rate type is not just a forecast
The best fit depends on payment stability, flexibility, time horizon and how you would feel if rates moved in either direction.
Read the mortgage contract
Prepayment rules, portability and potential break costs matter alongside the rate. Ask for plain-language examples that match your likely scenario.
Save these questions
Three prompts for your next conversation.
- When does my term end and what am I paying now?
- Which features matter if my plans change?
- What would staying, switching or changing term mean for payment?