When is the Best Time to Renew My Mortgage in Ontario?

Timing your mortgage renewal can be a strategic move, especially if you’re hoping to secure a lower interest rate or better terms. While most lenders send a renewal notice 120 days before your term ends, there may be benefits to starting even sooner. Early research allows you to compare different lender offers and avoid a last-minute rush, giving you more control over the final outcome. Plus, in some cases, you may be able to lock in a rate in advance to protect against potential increases.

If you’re unsure about the timing or feel overwhelmed with choices, I can simplify the process. With Mortgages Made Simple, I’ll guide you through the renewal journey, assessing your financial goals and helping you make the best choice. Let’s connect and make sure your renewal timing works in your favor!