Homeowners often choose to stay with their current lender when renewing their mortgage due to perceived time constraints, but it is crucial to assess rates and terms by reaching out for assistance. Consider evaluating any life changes that may affect finances, such as debt consolidation, utilizing home equity, or adjusting property plans. Explore refinancing options to pay off the mortgage faster or make use of home equity. Make refinancing decisions based on changes in rates, equity utilization, increased mortgage amounts, or amortization adjustments. Seek guidance from top lenders in Canada for renewal options and avoid blindly signing renewal forms to secure the best rate. Take advantage of having multiple lenders compete for the best rate and utilize innovative tools in Canada for a more streamlined process and optimal options.