Mortgage renewal Hamilton - don't just sign and send it back
Your renewal is the one time you can restructure your mortgage without penalty. Most homeowners never realize it's also the best opportunity to pay off their mortgage years faster.
Amanda Greville is a licensed Mortgage Agent Level 2 helping Ontario homeowners turn their renewal into a strategic advantage.
The mistake most homeowners make
Your bank's renewal letter is automated - nobody is looking at your whole picture
When your renewal letter arrives, it feels routine - sign it, send it back, done for another 5 years. But that letter was generated automatically. No one at the bank reviewed your situation, compared your options, or asked what would actually suit you best for the next term.
What a proper review looks like
Instead of an automated letter, you get someone who understands your income, your goals, and where you want to be in 5 years - then finds the mortgage structure that actually gets you there.
That might mean lower payments, more money in your pocket each month, a faster payoff, or simply a better fit for how your life has changed since your last term.
Why your renewal matters
It's more than just a rate - it's your best chance to restructure
Free up extra money every month
Your renewal is the right time to look at whether your current payment structure is working as hard as it could be. There may be ways to put more money back in your pocket each month.
Make your payments more comfortable
Life changes between terms - your income, your expenses, your priorities. Your mortgage should adjust to fit where you are now, not where you were 5 years ago.
Find out what options nobody showed you
Your bank only offers their own products. A proper review compares your situation against what's available across the full market - and you might be surprised by what's out there.
Get on a path to pay off faster
Most homeowners don't realize their renewal is the one window where they can change direction without penalty. If there's a smarter path, this is the time to take it.
What a proper renewal review looks like
What you walk away with after a renewal review
- ✓ A clear picture of whether your current deal is competitive or if there's something better
- ✓ An honest look at ways to free up monthly cash flow
- ✓ A recommendation on whether fixed or variable makes sense for your situation
- ✓ An understanding of how your mortgage could be structured to pay off faster
- ✓ Confidence that you're making the right decision for your next term
- ✓ An honest answer - if staying with your bank is the best move, I'll tell you
Your renewal is coming up - let's make it count
A free, no-pressure review of your renewal options. Most homeowners are surprised by what they find.
Book your free renewal reviewThe bigger opportunity
Your renewal is the ideal time to start the Mortgage Momentum Method
Most homeowners treat their renewal as a formality. The smart ones use it as a launchpad.
How it works
Getting your renewal reviewed
Start at least 120 days before your renewal date for the most options. But even if it's sooner, there's usually still time.
01
Book a free call
A 20-minute conversation about your current mortgage, when your renewal is, and what you're hoping to achieve.
02
I review your options
I compare your bank's offer against 20+ lenders and analyze whether restructuring would save you money or time - or both.
03
Clear recommendation
You get a straightforward breakdown of your options with real numbers. If staying with your bank is the best move, I'll tell you.
04
Seamless transition
If you decide to switch, I handle the entire process - application, paperwork, lender coordination. A transfer typically takes 30-45 days from start to finish, depending on the lender's processing time and how quickly you complete the application and send in your documents. That's why starting early gives us the most room to work with.
Message from
Amanda Greville
I've seen too many homeowners sign their renewal letter without realizing what they're leaving on the table. Your bank's offer is a starting point, not a final answer. A proper review takes 20 minutes and can save you thousands over your next term - or set you on a path to be mortgage-free years sooner.
If your renewal is coming up in the next 12 months, let's talk. There's no cost, no obligation, and if your bank's offer turns out to be the best option, I'll tell you that honestly.
Book a free renewal reviewFrequently asked questions
When should I start thinking about my renewal?
Ideally 120 days (about 4 months) before your maturity date. This gives us time to shop lenders, get approvals, and set everything up without rushing. But even if your renewal is closer than that, it's still worth a conversation - there's usually more time than people think.
Can I switch lenders at renewal without a penalty?
Yes. At renewal (your maturity date), you're free to move your mortgage to any lender with no penalty. This is the one window where switching costs you nothing - which is exactly why it's worth exploring your options before signing your bank's renewal letter.
Will I need to requalify if I switch lenders?
Yes, you will need to qualify with the new lender. This is a standard part of the process and I handle it with you - walking you through what's needed and making sure everything is in order. Most homeowners find it straightforward, especially with someone guiding them through it.
What if my bank already sent me a renewal letter?
Don't sign it yet. That letter is your bank's opening offer - it's rarely their best rate, and it says nothing about whether your mortgage structure is actually working for you. Bring it to your review and we'll compare it against what's available across the market.
Should I go fixed or variable?
It depends on your situation, your risk tolerance, and what rates are doing at the time. There's no universal right answer. I'll walk you through the pros and cons of each based on your specific numbers and goals, so you can make the decision that fits your life.
Can my renewal help me free up monthly cash flow?
Often, yes. There are several ways a renewal review can uncover opportunities to put more money back in your pocket each month. The specifics depend on your situation - that's exactly what the free review is for.
What does it cost to work with you on my renewal?
Nothing for the vast majority of clients. I'm paid by the lender, not by you. The review is free, the comparison is free, and if you decide to switch, the transition is handled at no cost to you.
Don't let an automated letter decide your next five years
A free, no-pressure review of your options - before you sign anything.