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Your mortgage is one of your biggest expenses. For this reason it is imperative to find the best interest rates and mortgage terms you possibly can. By shopping around at renewal time you could save thousands of dollars over the life of your mortgage loan.



At The Mortgage Shoppers, we will keep track of your mortgage term, and we will notify you when it is time to start shopping with us for the best renewal rate. We start shopping for a new term for you four months before your current mortgage term expires. You will be amazed at what we can accomplish on your behalf!

Renewing or switching your mortgage


Many lenders send out your renewal letter approximately 60 days before your term expires, which may not give you enough time to arrange for a mortgage term with a different lender. 

While most Canadians spend a lot of time, and expend a lot of effort shopping for an initial mortgage, the same is generally not the case when looking for a renewal rate at maturity. By omitting proper consideration at the time of renewal, this practice costs Canadian citizens thousands of extra dollars every year.


Nearly 60% of borrowers simply sign and send back their renewal that is first offered to them by their lender without ever shopping around for a more favourable interest rate.

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