Renewals guide · August 2026 · 4 min read
Your mortgage renewal timeline: what to do before the letter arrives
A calm sequence for gathering information, comparing choices and avoiding a last-minute decision.
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.
Start with the date and the details
Find your maturity date, current payment, balance and mortgage features. These give you a more useful starting point than a rate headline alone.
Give yourself room to compare
A renewal can involve staying, switching or changing your term. Beginning early creates time to understand the payment, flexibility and qualification questions around each option.
Keep your plans in the picture
A move, renovation, sale or income change can affect what flexibility matters most over the next term. Write down those plans before comparing offers.
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?