Mortgage Up for Renewal This Year? Let’s Talk Strategy (Not Stress)
If your mortgage is coming up for renewal this year, you’re not alone and you’re probably hearing a lot of noise about interest rates. Headlines can be unsettling, and many homeowners feel a sense of dread when that renewal letter arrives in the mail.
Here’s the good news: while none of us can control market rates, there is a lot you can control and that starts with giving yourself time and having a clear strategy.
As a licensed mortgage broker, my goal is simple: help you renew with confidence, clarity, and the best options available to you.
Why Mortgage Renewals Feel So Daunting
For many homeowners, renewal time brings up big questions:
Should I stay with my current lender or switch?
Is fixed or variable the right move right now?
Can I access equity for renovations, investments, or debt consolidation?
Am I missing better options by just signing the renewal letter?
Banks often make renewals feel like a quick decision: sign here, send it back, done. But what they don’t always tell you is that renewal is one of the most powerful opportunities you have to improve your mortgage.
Time Is Your Biggest Advantage
One of the biggest mistakes I see homeowners make is waiting until the last minute. When you reach out early — ideally 6 to 12 months before renewal — you open the door to far more options.
Clients who plan ahead can:
Lock in rates early (and adjust if better ones appear)
Explore switching lenders without pressure
Review their overall financial goals, not just the rate
Avoid rushed decisions that cost more over time
Simply put: clients who reach out sooner tend to save more both in money and stress.
Why Strategy Matters More Than Chasing the Lowest Rate
Yes, rates matter but they’re only one piece of the puzzle.
A good renewal strategy looks at:
Your current and future plans (selling, refinancing, investing, renovating)
Prepayment options and penalties
Flexibility vs. stability
Cash flow and long-term cost, not just today’s payment
What looks like a “great rate” on paper can sometimes come with restrictions or penalties that cost you far more down the road. My role is to help you see the full picture and choose what actually works best for you.
How I Help Take the Load Off Your Plate
Mortgage renewals don’t have to be overwhelming and they don’t have to be something you figure out on your own.
When you work with me, I:
Review your current mortgage in detail
Compare options across multiple lenders
Handle the legwork and negotiations
Explain everything in plain language
Help you move forward with confidence
Think of it as having someone in your corner who understands both the numbers and the local BC market.
A Friendly Reminder From Your Local Broker
If your mortgage is up for renewal this year, now is the time to start the conversation even if you’re months away. There’s no obligation, no pressure, and no “too early.”
Renewals can feel heavy, but they don’t have to be. With the right timing and the right strategy, they can actually be an opportunity.
If you’re ready to take the stress off your plate and explore your options, I’m here to help. Friendly advice, local expertise, and a plan built around you.
Reach out anytime to get started.