Don't just sign your bank's renewal letter. Save thousands.
We compare your bank's renewal offer against 100+ lenders — and most clients save 0.30% to 0.60% off the rate they were sent. That's about $4,200 in savings over a 5-year term on a $500,000 mortgage.
The single most expensive financial decision most Canadians make is signing their bank’s first renewal letter. 30 bps over 5 years on a $500K balance = $7,500 of unnecessary interest. We’ve never had a client beat their bank’s second offer by less than 20 bps once we’re in the conversation. Don’t leave money on the table.
Your bank’s renewal letter is rarely their best offer — it’s a starting point designed to capture your inertia. 120 days before your maturity, we benchmark your letter against the full Canadian lender market: RBC, TD, Scotia, BMO, CIBC, National Bank, MCAP, First National, MERIX, plus credit unions and B-tier where appropriate. Switching is paperwork, not pain — and most lenders cover the discharge fee + appraisal as a transfer incentive.
Why Canadians choose Mortgage Squad Advisors.
Three steps. No jargon. No pressure.
Bring us your renewal letter
Forward the PDF or take a photo — we benchmark it against 50+ lenders within 24 hours and email you a written comparison.
We negotiate or switch
Often we beat your existing lender and they match — quickest path. Sometimes a transfer is materially better — we handle the appraisal, lawyer-light paperwork, and timing so there's no gap.
Sign and save
E-sign in your portal in under 5 minutes. Your old payment auto-stops, the new one starts the same day. Rate hold protects you for 120 days; we re-shop if rates drop before you sign.
“My bank offered me a renewal rate that felt way too high. I called Mortgage Squad Advisors on a Tuesday — by Thursday they had me nearly a full percent lower with a different lender. Same product, same term. That's over $400 a month back in my pocket.”