Ontario Mortgage Renewal Decision Kit
Start with your offer and the payment you can manage. Estimate the change, compare your options and bring the questions to a mortgage review.
These are planning estimates. Sample rates aren’t lender offers, and the calculator can’t confirm approval or choose a mortgage for you.
Compare your payments →Book a Review →Enter your own numbers to estimate payment differences. The sample rates are not live offers. This calculator does not assess qualification, competitiveness or which route is suitable.
Are you carrying credit card balances, personal lines of credit, or car loans incurring 8% to 22%+ interest?
Illustrative assumption: 2.75% of the debt balance per month. This is not interest alone or your actual required payment. Use creditor statements for a full review.
Compare your current offer with verified alternatives, terms and costs. These inputs cannot determine which lender or route fits.
Compare four possible routes. The right choice depends on your contract, qualification, costs and plans.
Keeping your lender may make sense when the offer, terms and payment fit. Compare verified alternatives and the full cost before deciding.
Ask your lender whether it can improve its offer. Use a written alternative that you qualify for, and compare the terms as well as the rate.
An eligible stand-alone uninsured mortgage switched between federally regulated institutions at renewal may be exempt from OSFI’s prescribed minimum qualifying rate. No equity take-out or longer remaining amortization is permitted. The receiving lender still assesses the application.
Refinancing may change your payment or access equity, subject to qualification. Compare fees, penalties, interest and a repayment plan. Moving unsecured debt into a mortgage secures it against your home.
Your renewal toolkit
Keep your payment comparison, then use these three tools to review the written offers. Print this kit or choose “Save as PDF” in your browser’s print window. Your numbers stay in this browser; this doesn’t send an application or email a report.
Questions about your results? Call 416-562-2958 or visit https://adrianwilliams.ca/.
Adrian Williams, Mortgage Agent Level 2 · FSRA Licence #M08002958Write each lender’s answers side by side. Ask for anything missing in writing.
Offer A: __________________
Offer B: __________________
Costs to confirm: ___________
My comfortable payment: ______
My next deadline: ____________
“Before I sign, can you confirm whether this is your best written renewal offer? Please show the payment, prepayment terms, how a break penalty would be calculated and any fees or restrictions. If I’m considering another lender, what would it cost to discharge or transfer this mortgage?”
Then ask: “When does this offer expire, and what happens if I haven’t made a decision by the renewal date?”
Questions for my review:
________________________
________________________
A lower payment can come from a longer repayment period. Compare the fees, flexibility and total borrowing cost before choosing. The calculator’s term difference is a payment difference, not interest savings.
Select any statement that applies to your situation. Use these selections to organize the questions for your review:
Compare an early offer with your current contract, timing and alternatives.
Use your actual renewal offer to estimate whether the payment fits your budget.
Include other debt payments when reviewing what your household can afford.
Self-employment, maternity leave, or separation changes which lenders can approve your file.
Ask which legal, discharge, appraisal and transfer costs apply and who pays them.
Start a few months ahead. Rate-hold availability, duration and conditions vary.
Use this as a planning guide, not a guaranteed lender timetable:
Ask which rate holds are available, how long they last and whether a lower rate can be requested. Confirm conditions in writing.
Request your lender’s offer and compare the payment, terms and any written alternatives. Your lender’s timing may differ.
Ask whether your current lender can improve its offer. Review switching costs and any application requirements.
Confirm your decision, approval conditions, documents and closing arrangements before maturity. Leave time to resolve delays.
Useful questions to clarify before signing. Lender requirements and your contract still matter.
“Adrian found us a mortgage to meet our needs for our condo purchase. He helped us explore our options, and explained things very well throughout the process. He was always available to answer questions in a timely manner. He was open and respectful while we also researched offers from other banks, like RBC, and was able to ultimately find us a better rate. We enjoyed working with him, and we were happy to be able to support a professional in our local area. I'd have no reservations in recommending him as mortgage broker to my friends and family.”
“I had an excellent experience working with Adrian throughout a very challenging situation. His professionalism, responsiveness, and dedication truly stood out during a stressful time. Adrian took the time to thoroughly explain everything, remained patient throughout the process, and consistently advocated for my best interests. I genuinely appreciated the effort and care he put into supporting me. I would highly recommend him to anyone looking for a knowledgeable, reliable, and supportive mortgage professional.”
“Adrian was helpful every step of the way. He was honest with me and someone I could trust even with talking about alternative mortgage offerings. Highly recommend if you want someone who knows what they're doing, can get you the best rate and has your back”
Bring your renewal offer, approximate balance and the questions this comparison raises. We’ll review the payment, costs, flexibility and which options need a closer look.
Choose a time to discuss your renewal offer and next steps. You don’t need a completed application to book.
Book a Review →Send Adrian a message or call 416-562-2958.
Keep financial documents and account numbers out of the public enquiry form. We’ll arrange secure sharing if needed. No report is sent automatically from this calculator.
Advisory & Regulatory Notice: The Ontario Mortgage Renewal Decision Kit is an educational decision-support diagnostic provided by Adrian Williams, Mortgage Agent, Level 2 | Lic. #M08002958 | Premiere Mortgage Centre Inc., Brokerage Lic. #10317. Payments use nominal annual rates compounded semi-annually with monthly payments. Baseline and test payments use the same entered balance and remaining amortization, so the baseline may differ from your actual payment. Rates are held constant for illustration, including variable scenarios. Term payment differences are cash outflow differences, not interest savings; fees, penalties, insurance, taxes and balance remaining are excluded. Other-debt payments assume 2.75% of the balance monthly and must be replaced with actual creditor amounts for a full review. The results do not constitute a formal commitment to lend, guaranteed interest rate lock, or tax/legal advice. Approvals are subject to individual underwriting guidelines, satisfactory property valuation, and verified borrower documentation under OSFI Guideline B-20.
Sources: OSFI straight-switch conditions · FCAC renewal guidance. Reviewed October 9, 2026.