The Switch / Renewal Client
Homeowner in Mississauga (GTA). 5-year fixed mortgage renewing in 120 days
Roughly 70% of homeowners sign whatever their bank offers at renewal — and overpay by thousands. Banks know this and price renewals accordingly. A 120-day rate hold and a competitive switch is one of the easiest wins in personal finance.
The Challenge: Current bank sent a renewal notice with a significantly higher rate, expecting them to sign blindly.
Our 4-Step Process
120-Day Rate Lock: Locked in current market rates immediately to protect from sudden market hikes.
Competitor Review: Ran bank renewal offer against the entire Canadian lending landscape to find better alternatives.
No-Fee Switch Fight: Secured a promotion where the new lender covered appraisal and legal costs — $0 out of pocket.
Seamless Switch Execution: Handled the entire transfer seamlessly before the renewal date, saving thousands.
Why This Approach Works
- 120-day rate hold protects you from rate hikes while we shop.
- Most lenders cover appraisal + legal fees on a straight switch — true $0 out of pocket.
- We compare your bank's offer to every monoline lender and credit union in Canada.
- Renewal is the cheapest time to restructure — no penalties, no IRD.
✨ Result: Saved $8,000+ over the next 5 years. Didn't pay a single dime to switch.
Did your bank send an expensive renewal letter? Beat their rate for free.
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