Mortgage Renewal
Your bank's renewal letter shows one rate: theirs. We shop 100+ lenders before you sign anything.
Why renewals deserve a second look
When your term ends, your lender sends a renewal offer — usually not their most competitive rate, banking on the fact that most people just sign it. You're under no obligation to accept it, and you don't have to switch lenders to get a better deal; a broker can often negotiate directly.
Renewal is also a natural point to reconsider your amortization, switch from variable to fixed (or vice versa), or pull out equity if your plans have changed.
Who it's for
- Anyone with a renewal letter in hand from their current lender
- Homeowners whose term is ending in the next 4 months
- Anyone who has never compared their renewal offer to the market
How Nestwell helps
- Compare your bank's renewal offer against 100+ lenders
- Negotiate directly with your current lender where possible
- Review whether fixed or variable makes more sense right now
- Handle the paperwork if switching lenders makes sense
Timing matters
Start the conversation 3–4 months before your renewal date. Most lenders let you lock a rate that far ahead, and it gives us time to actually shop the market instead of rushing a decision.
Estimate Your Renewed Payment
Common renewal questions
Not necessarily — we can often negotiate a better rate directly with your current lender. Switching is only worth it if the numbers clearly favor it.
Most lenders auto-renew you into their posted rate, which is rarely their best offer. It's not a crisis, but it does mean overpaying — reach out as soon as you can.
Yes — renewal is one of the easiest times to extend or shorten your amortization, or switch between fixed and variable.
No — completely free. We're paid by the lender, not you.
Don't just sign the renewal letter
Free comparison against 100+ lenders before you commit.