Many homeowners tend to stick with their current lender when it comes to mortgage renewals due to time constraints. However, it is important to assess current lender rates and terms by reaching out for guidance. It is also essential to evaluate life changes affecting finances and consider options such as debt consolidation, utilizing home equity, or making property plans. Exploring refinancing options can help in paying down the mortgage faster or leveraging home equity. Refinancing can also be considered for changes in rates, increasing mortgage amounts, or adjusting amortization. It is beneficial to utilize top lenders in Canada for guidance and renewal options, as well as avoiding signing renewal forms without questioning to secure the best rate. Taking advantage of multiple lenders competing for the best rate and accessing innovative tools in Canada for streamlined processes and optimal options can also be advantageous.