If your mortgage is coming up for renewal in the next 6 months, you might be tempted to let your current lender send you a mortgage renewal letter and just sign on the dotted line. It’s easy, it’s quick… but it might not be the best move for your finances. At Cannect, we believe this 6-month window before renewal is your golden opportunity to take control, shop smarter, and save thousands of dollars.
Why the 6-Month Mark Matters
Six months gives you time—time to explore your options, review your financial goals, and make an informed decision without the pressure of a looming deadline. It’s the perfect moment to ask yourself:
- Am I still getting the best rate available?
- Do I want to access equity in my home?
- Have my financial goals changed?
- Can I do better than what my current lender is offering?
Spoiler alert: You probably can.
Don’t Just Sign the Renewal Letter
Most banks send out mortgage renewal offers close to maturity, hoping you’ll auto-renew at a posted rate, which is often higher than what you deserve. When you work with Cannect, you’re not stuck with one bank’s offer. Our team of non-commissioned mortgage experts will shop across multiple lenders to secure the lowest rate possible, often better than what your bank is offering and without the hassle of doing it yourself.
Thinking About Refinancing Instead?
Renewal time is also a great time to consider refinancing, especially if:
- You want to consolidate debt
- You’re considering renovations
- You need access to cash for investments or life events
With no penalty to switch at renewal, it’s the easiest (and most affordable) time to make a smart move.
Why Choose Cannect?
At Cannect, we’re committed to making your mortgage renewal process simple, transparent, and in your best interest. We keep costs low by cutting out the middlemen and eliminating hidden fees. Our team offers unbiased guidance—because we don’t work on commission, our only goal is finding what’s best for you. Whether you’re looking for a traditional mortgage or a flexible alternative solution, we’ve got options that fit your needs. Plus, we believe in full transparency, showing you the real numbers behind every offer. From start to finish, we handle the paperwork and support you every step of the way.
Final Tip: Start Early
Don’t wait until your mortgage is about to renew. Start planning at the 6-month mark to give yourself time to get a better deal and align your mortgage with your current financial goals.
Ready to Explore Your Renewal Options?
Connect with Cannect today for a no-pressure mortgage review. Whether you’re looking to lower your rate, borrow smarter, or simply see what’s out there, we’re here to help.
Tune into our Make Money Count podcast, where we break down the latest developments in the mortgage world, offer expert advice on managing your money, and share practical tips to help you make confident financial decisions.
