When renewing your mortgage your current lending institution will not necessarily offer you the best rate.  Too many people don't take advantage of their position at this critical time of home ownership.  This is the time when your equity grows substantially from decreasing your principal load balance combined with the appreciation of your home.  Over 70% of mortgage holders simply sign their current lenders renewal form and the result is a higher rate and a product which no longer fits their financial situation and goals. It's always a good idea to have a "financial check up" at renewal time.  If you're thinking of renovating your home, adding money to your mortgage is the cheapest way to finance your renovations.  When you renovate, it automatically adds value to your home.  Talk to us about this wonderful option of refinancing.  We can hold a rate up to 120 days prior to your maturity date.  This provides peace of mind knowing you'll get the lowest rate.  Plus, there is no penalty to pay out the existing bank because the mortgage is fully open at maturity.