On this cold and snowy day please stay warm and drive safe.
When your mortgage is up for renewal you do have options. Believe it or not nearly 70% of Canadians sign their mortgage renewal letter without actually considering other options for a better rate or product. When you receive a renewal letter from your lender the lender (mainly banks) will not offer you the best discount rate. They are hoping (and in most cases are correct) that the client will just sign the letter and send back to the lender. The lenders (mainly banks) save allot of money by taken this approach.