Why the rate is only part of the story
Two mortgages with the same rate can be very different. Look beyond the number at:
- Prepayment penalties: what it costs if you sell or pay off early.
- Flexibility: whether you can make extra payments or move the mortgage to a new home.
- Term and amortization: how long the rate lasts and how long you take to repay.
- Fees and restrictions: conditions that are easy to miss in the fine print.
Renewal coming up? Do not simply sign the first offer.
Mortgage renewals are one of the most common sources of stress for homeowners, especially when payments may rise. Lenders usually send an offer well before your term ends. You can review it, ask questions and compare alternatives. Starting early gives you more choices and less pressure.
Bank or other options?
You do not have to choose between your bank and exploring other options. We help you compare what is available from different lenders, so you can see how your current offer stacks up.