Many homeowners remain with their current lender due to perceived time constraints, but it’s important to reassess mortgage rates and terms during renewal by seeking expert guidance. Consider any life changes affecting your finances, such as debt consolidation, using home equity, or future property plans, and explore refinancing options to pay down your mortgage faster or leverage equity. Refinancing can help adjust rates, increase mortgage amounts, or modify amortization periods. By working with top Canadian lenders, you can access competitive rates and innovative tools, ensuring multiple lenders compete for your business. Avoid signing renewal documents without thorough review to secure the best possible deal.