Many homeowners opt to stay with their current lender because they believe they don't have time to explore other options. However, I can provide guidance on assessing the rates and terms offered by your current lender during mortgage renewals. It's important to evaluate any changes in your life that may impact your finances, such as considering debt consolidation, using home equity, or making changes to your property plans. Additionally, you should explore refinancing options to pay off your mortgage faster or leverage your home equity. It's crucial to avoid simply signing renewal forms without questioning and to take advantage of having multiple lenders competing for the best rate. In Canada, there are innovative tools available to streamline the process and provide you with the optimal options for mortgage renewal.