Many homeowners choose to stay with their current lender because they believe it will save them time. However, I can help you assess the rates and terms offered by your current lender during mortgage renewals. It is important to evaluate any life changes that may affect your finances, such as debt consolidation, using home equity, or making changes to your property plans. Additionally, you should explore refinancing options that will allow you to pay down your mortgage faster or make use of your home equity. Refinancing may also be beneficial if there are changes in interest rates, you need to increase your mortgage amount, or you want to make adjustments to your amortization. It is recommended to seek guidance from top lenders in Canada to ensure you make the best decision during the renewal process and to not sign renewal forms without questioning to secure the best rate. By doing so, you can benefit from multiple lenders competing for the best rate and take advantage of innovative tools available in Canada for streamlined processes and optimal options.