Renewals guide · August 2026 · 4 min read
Renewal or switch: what should you compare?
A renewal offer is a useful starting point, not necessarily the final answer.
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.
Look beyond the rate
Compare the term, payment, prepayment privileges, portability, penalties and your expected plans for the next few years.
Start early
Beginning the discussion before a renewal deadline creates more time to understand options and avoid making a rushed choice.
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?