Renewal

Your Mortgage Is Renewing. Don't Just Sign the Bank's Offer.

When your term ends, your lender sends a renewal offer that is rarely their best rate. My Future Mortgage shops your renewal across 50+ lenders so you keep your payments competitive. Switching at renewal is often penalty-free, and we handle the paperwork.

Why work with us

What you get

We shop your renewal

Banks count on you signing the first offer. We compare the whole market to beat it.

Often penalty-free to switch

At renewal you can usually move lenders with no prepayment penalty — only minor switch costs, often covered.

Restructure if your needs changed

Renewal is the perfect time to change your term, amortization, or payment frequency.

Start early — we track your date

We reach out 120 days before maturity so you never get rushed into a bad rate.

Questions

Frequently asked questions

Do I have to renew with my current lender?

No. At renewal you are free to switch lenders, and doing so is often penalty-free. Switching can secure a lower rate than your bank's renewal offer.

When should I start my mortgage renewal?

Start about 120 days before your maturity date. Most lenders let you lock a rate that far out, protecting you if rates rise before renewal.

Is the first renewal offer from my bank the best rate?

Rarely. Renewal offers are typically above the lender's best available rate because they rely on convenience. Shopping the market — or having a broker do it — usually beats it.

Talk to a Licensed Mortgage Agent