For Homeowners

Your Mortgage Renewal Shock

Locked a sub-3% rate in 2020–2021? Renewing in 2025–2026 could add hundreds to your monthly payment. See your exact number in 20 seconds — then your options to soften it.

Your current mortgage

Your payment goes up by
$0/mo

Ways to soften the shock

  • Shop the renewal — your current lender's first offer is rarely their best. A broker compares every lender.
  • Extend the amortization to lower the monthly (you pay more interest over time — a trade-off, not free).
  • Make a lump-sum prepayment before renewal to shrink the balance the new rate applies to.
  • Consider a shorter term or a blend-and-extend if you expect rates to fall.

Estimates amortize your remaining balance over your remaining years using Canadian semi-annual compounding (Interest Act standard). Your real renewal depends on the lender, product, and qualification — Mohammad will connect you with a trusted mortgage broker to compare options.

Get a second opinion on your renewal

Before you sign your lender's renewal letter, let Mohammad connect you with a trusted broker who'll shop every lender — often worth hundreds a month. Free, no obligation.

No spam, no pressure. Mohammad replies personally. Bangla • Hindi • Urdu • English.

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