Don’t Sign That Renewal Letter Yet — Here’s Why

Most Ontario homeowners receive a friendly mortgage renewal letter from their bank about four months before their term ends. It’s designed to make renewal easy — just sign and send.

But what your lender doesn’t mention is that their “easy option” often costs you thousands of dollars.

At TCG Lending Centres, we help homeowners take back control at renewal time. Instead of accepting what’s offered, we shop the market, negotiate stronger terms, and help you align your mortgage with your financial goals.

When your term expires, you’re not locked in — you’re in charge. You can switch lenders, shorten your amortization, or even access your equity for renovations or investments.

How to Get the Best Mortgage Renewal in Ontario

1. Start Early (4–6 Months Before Renewal)
Don’t wait for your renewal letter. A proactive review lets us explore your options while rates are still locked.

2. Compare Lenders — Not Just Rates
Banks only offer their own products. As a mortgage broker, we compare 50+ lenders to find a solution that truly fits your situation.

3. Look Beyond the Rate
Prepayment privileges, portability, and penalty structures can save you thousands — even more than a small rate drop.

The Hidden Advantage of Renewal Reviews

A renewal is also a financial reset. If your income, family, or goals have changed, it’s the perfect time to realign your mortgage with your life.

You’ve worked hard to build equity — now make it work for you.

Don’t sign that renewal letter yet.
Book your free renewal review with TCG Lending Centres and discover how much you can save.