Renewal | 5 min
Mortgage Renewal Mistakes Ontario Homeowners Should Avoid
Avoid auto-signing the renewal, ignoring refinance options, missing the 120-day window, or comparing rate without penalties and flexibility.
The Renewal Letter Is Not A Strategy
It is an offer from the current lender. It should be compared against the market and your current financial goals.
Start Before The Deadline
The earlier review window gives time to switch lenders, refinance, consolidate debt, or negotiate.
Look Beyond The Rate
Penalty, portability, prepayment, payment change, amortization, and future plans matter.
The practical next step
A guide can explain the issue, but the file still depends on your income, credit, property, equity, down payment, documents, timeline, and lender fit. Send the details for a review before making a financing decision.
Need a mortgage answer before you make the wrong move?
Send the file details. Ardy will review the goal, timeline, documents, risk points, and likely lender path.