Your lender’s first offer is rarely its best. I’ll compare it against 50+ lenders (banks, credit unions and private lenders) and show you fixed and variable side by side, on your numbers.
- Free for most renewals: the lender pays me, and any fee is disclosed in writing first
- Switch at renewal without re-qualifying under the stress test (straight switches to federally regulated lenders)
- Best started 4–6 months out, since most lenders hold a rate for 90–120 days
Or call 226-242-1969.
Send me the basics
How it works
- Send me the basics: maturity date, balance, and your lender’s offer if you have it.
- I shop it: fixed and variable across 50+ lenders, plus what a switch would take.
- You decide: renew or switch. If your lender’s offer is the best one, I’ll tell you.
Why compare
Lenders count on you signing the first letter they mail. Renewal is one of the few times you can move your mortgage without a penalty. It’s also a chance to restructure: change your amortization, set payments to match how you’re paid, or refinance to consolidate higher-interest debt. A refinance does mean re-qualifying.
Your renewal checklist
- Find your maturity date and current balance
- Note today’s rate, term and payment
- Ask your lender for its fixed and variable offers, in writing
- Run the 1% test: could you handle the payment if prime rose 1%?
- Ask what breaking each option mid-term would cost
- Get an independent comparison before your lender’s deadline
To switch, you’ll typically need: your renewal offer or mortgage statement, recent pay stubs or an employment letter (2 years of NOAs if self-employed), your property tax bill, home insurance details, and photo ID.
FAQ
Does switching cost anything?
Often not. Many lenders cover legal and appraisal costs on a straight switch, up to a limit. Your current lender may charge a discharge fee. You’ll see every cost before you decide.
Do I have to re-qualify?
Not for a straight switch (same balance and amortization) to a federally regulated lender; that stress test was dropped in late 2024. Adding money or extending the amortization is a refinance, and that does require qualifying.
When should I start?
4–6 months before maturity. A 90–120-day rate hold protects you if rates rise.
What if my bank’s offer is good?
Then renew with them, knowing it’s a good offer instead of guessing.
Get your renewal review
Or call 226-242-1969.