Homeowners often stay with their current lender because of time constraints, but it is important to assess rates and terms during mortgage renewals. It is advised to contact for guidance to explore options such as debt consolidation, utilizing home equity, or making property plans. Refinancing can also be an option for paying down the mortgage faster or leveraging home equity, with considerations for changes in rates, increased mortgage amounts, or adjustments in amortization. Utilizing top lenders in Canada can provide guidance and renewal options, while avoiding signing renewal forms without questioning can help secure the best rate. Taking advantage of multiple lenders competing for the best rate and accessing innovative tools in Canada can help streamline processes and provide optimal options.